October 31, 2009

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					INTERNATIONAL
 MONETARY
     FUND




  FINANCIAL
 STATEMENTS




  Quarter Ended
 October 31, 2009
                                                                 Contents                                                      Page


I. GENERAL DEPARTMENT
Consolidated statements of financial position .....................................................................4
Consolidated statements of comprehensive income ............................................................5
Consolidated statements of changes in reserves, resources and retained earnings ..............6
Consolidated statements of cash flows ................................................................................7
Notes to the consolidated financial statements ....................................................................8
Schedule 1–Quotas, IMF’s holdings of currencies, reserve tranche positions,
and outstanding credit and loans .......................................................................................19
Schedule 2–Financial Resources and liquidity position in the General Resources
Account .............................................................................................................................24
Schedule 3–Status of arrangements in the General Resources Account............................25


II. SDR DEPARTMENT
Statements of Financial Position .......................................................................................27
Statements of comprehensive income ................................................................................28
Statements of cash flows....................................................................................................29
Notes to the financial statements .......................................................................................30
Schedule 1–Statements of changes in SDR holdings ........................................................33
Schedule 2–Allocations and holdings of participants ........................................................35


III. PRGF-ESF, FRGF-HIPC, MDRI-II TRUSTS RELATED ACCOUNT
Statements of financial position ........................................................................................41
Statements of comprehensive income and changes in resources .......................................42
Statements of cash flows....................................................................................................44
Notes to the combined financial statements.......................................................................45
Schedule 1–Disbursed Multilateral Debt Relief Initiative Assistance ...............................54
Schedule 2–Status of loan arrangements ...........................................................................55
I. Financial Statements
        of the
 General Department
                                                                                                      General Department

                                                                                          Consolidated statements of financial position
                                                                                                         (In millions of SDRs)
                                                                               October 31, 2009       April 30, 2009                                                           October 31, 2009     April 30,
                                                                                 (unaudited)                                                                                     (unaudited)         2009
Assets                                                                                                                  Liabilities (including quotas)
Usable currencies                                                                          141,882           151,982    Remuneration payable                                                  21                24
Credit outstanding (Note 2)                                                                 35,015            20,426    Investment trades payable                                            168            167
Other currencies                                                                            36,028            37,199    Other liabilities                                                    254            248

       Total currencies                                                                    212,925           209,607    Accrued MDRI-I Trust grants (Note 7)                                  39            102
                                                                                                                        Special Contingent Account                                          1,188         1,188

SDR holdings                                                                                 2,320             2,133    Borrowings (Note 3)                                                 2,523               --

                                                                                                                        Issued Notes (Note 3)                                                640                --

Interest and charges receivables (Note 4)                                                     168                 97    Quotas, represented by:




                                                                                                                                                                                                                     4
                                                                                                                            Reserve tranche positions                                      39,468       28,195
Investments (Note 5)                                                                         6,495             6,796        Subscription payments                                         177,964      189,178

                                                                                                                                   Total quotas                                           217,432      217,373
                                                                                                                            Total liabilities (including quotas)                          222,265      219,102
Gold holdings (Note 6)                                                                       4,520             5,852
                                                                                                                        Reserves of the General Resources Account                           8,793         5,905
Other receivable (Note 6)                                                                    4,234                 --
                                                                                                                        Retained earnings of the Investment Account                           72                --
Other assets                                                                                  721                714

Structural Adjustment Facility loans                                                              9                9    Resources of the Special Disbursement Account                        262            201

Total assets                                                                               231,392           225,208    Total liabilities, reserves, and resources                        231,392      225,208


The accompanying notes are an integral part of these consolidated financial statements.




                                                   /s/ Andrew Tweedie                                                                                        /s/ Dominique Strauss-Kahn
                                               Director, Finance Department                                                                                       Managing Director
                                                                             5


                                                         General Department
                                    Consolidated statements of comprehensive income
                              for the three and six months ended October 31, 2009 and 2008
                                                       (unaudited)
                                                               (In millions of SDRs)

                                                                                              2009                            2008
                                                                                    Three             Six           Three             Six
                                                                                    months           months         months           months
Operational Income
 Interest and charges (Note 4)                                                             166            314                 83          173
 Interest on SDR holdings                                                                    2              4                 12           26
 Net income from investments (Note 5)                                                       38             72                150          177
 Other charges and income                                                                   18             74                  1           13
                                                                                           224            464                246          389

Operational expenses
 Remuneration (Note 8)                                                                      21             49                 52          113
 Interest expense on borrowings and issued notes (Note 3)                                    2              2                  --           --
 Administrative expenses                                                                   177            355                116          260
                                                                                           200            406                168          373

Net operational income                                                                      24                58              78              16

Gain on the sale of gold (Note 6)
                                                                                          2,902         2,902                  --              --
MDRI grant assistance (Note 7)
                                                                                              4               61              (1)             59
Other comprehensive income                                                                   --                --              --              --

Net comprehensive income                                                                  2,930         3,021                 77              75


Net comprehensive income of the General Department
comprises:
  Net comprehensive income/(loss) of the General Resources
                                                                                          2,888         2,888                (70)       (160)
  Account
  Net comprehensive income of the Investment Account                                        38                72             147          173
  Net comprehensive income of the Special Disbursement
                                                                                             4                61               --             62
  Account
                                                                                          2,930         3,021                 77              75


The accompanying notes are an integral part of these consolidated financial statements.
                                                                               6


                                                        General Department
               Consolidated statements of changes in reserves, resources and retained earnings
                            for the six months ended October 31, 2009 and 2008
                                                (unaudited)
                                                               (In millions of SDRs)

                                                                                 General       Special     Investment
                                                                                Resources   Disbursement    Account
                                                                                 Account       Account      Retained
                                                                                Reserves     Resources      Earnings

Balance at April 30, 2008                                                          5,750       121             --
Net comprehensive (loss)/income                                                    (160)        62            173
Balance at October 31, 2008                                                        5,590       183            173

Balance at April 30, 2009                                                          5,905       201              --
Net comprehensive income                                                           2,888        61             72
Balance at October 31, 2009                                                        8,793       262             72

 The accompanying notes are an integral part of these consolidated financial statements.
                                                                              7


                                                           General Department
                                            Consolidated statements of cash flows
                                    for the six months ended October 31, 2009, and 2008
                                                              (In millions of SDRs)
                                                                                             2009      2008
Usable currencies and SDRs from operating activities
 Net comprehensive income                                                                   3,021         75

  Adjustments to reconcile net comprehensive income to usable resources
  generated by operations
    Depreciation and amortization                                                               12        11
    Interest and charges                                                                     (314)     (173)
    Interest on SDR holdings                                                                   (4)      (26)
    Interest from investments                                                                 (93)     (104)
    Interest expense on borrowings and issued notes                                              2         --
    Gain on the sale of gold                                                               (2,902)         --
    Remuneration                                                                                49       113
                                                                                             (229)     (104)
     Changes in interest and charges receivables                                             (71)       (20)
     Changes in other receivables and assets                                                   53       (33)
     Changes in remuneration payable and other liabilities                                      8       (23)
     Changes in accrued MDRI-I Trust grants                                                  (63)       (59)
                                                                                            (302)      (239)
  Usable currencies and SDRs from credit to members
   Purchases in currencies and SDRs, including reserve tranche purchases                  (14,662)   (2,413)
   Repurchases in currencies and SDRs                                                           73       935
                                                                                          (14,891)   (1,717)
  Interest received
    Interest and charges                                                                      242       151
    Interest on SDR holdings                                                                    5        29
    Interest from investments                                                                  92       105
  Remuneration paid                                                                           (52)     (105)
     Net usable currencies and SDRs used in operating activities                          (14,604)   (1,537)

Usable currencies and SDRs from investment activities
 Acquisition of fixed assets                                                                   (8)       (8)
 Net disposition of investments                                                               307       167
        Net usable currencies and SDRs provided by investment activities                      299       159

Usable currencies and SDRs from financing activities
 Borrowings and issued notes                                                                3,163          --
 Changes in composition of usable currencies                                                1,229           1

        Net usable currencies and SDRs provided by financing activities                     4,392          1
Net decrease in usable currencies and SDRs                                                 (9,913)   (1,377)
Usable currencies and SDRs, beginning of year                                             154,115    164,925
Usable currencies and SDRs, end of period                                                 144,202    163,548

The accompanying notes are an integral part of these consolidated financial statements.
                                            8
                                General Department
                    Notes to the consolidated financial statements


1. Basis of presentation

The unaudited consolidated financial statements have been prepared in accordance with
International Accounting Standard 34 (Interim Financial Reporting). The consolidated
financial statements include the accounts of the General Resources Account (GRA); the
Special Disbursement Account (SDA); the Investment Account (IA); and the Multilateral
Debt Relief Initiative–I Trust (MDRI-I Trust), an entity over which the SDA has
substantial control. These consolidated financial statements do not include all information
and notes required by International Financial Reporting Standards (IFRS) for complete
financial statements and should be read in conjunction with the April 30, 2009
consolidated financial statements and the notes included therein.

Unit of account

As at October 31, 2009, one SDR was equal to 1.58989 U.S. dollars (one SDR was equal
to 1.49783 U.S. dollars as of April 30, 2009).

2. Credit outstanding

During the six months ended October 31, 2009, the IMF approved Stand-By
Arrangements for Bosnia and Herzegovina, Romania and Sri Lanka totaling
SDR 14,112 million, and Flexible Credit Lines for Columbia and Poland totaling
SDR 20,656 million (a Stand-by arrangement for Georgia for SDR 477 million was
approved during the six months ended October 31, 2008). In addition, the Stand-By
Arrangements for Armenia, Belarus, Georgia and Pakistan were augmented by
SDR 5,423 million. During the same period, drawings under Stand-By arrangements
amounted to SDR 14,662 million (SDR 2,413 million for the six months ended
October 31, 2008). There were no drawings under the Flexible Credit Lines.

Changes in the use of IMF credit under the various facilities of the GRA during the
six months ended October 31, 2009 and 2008 were as follows:
                                                               9
                                                    General Department
                                      Notes to the consolidated financial statements

                          April 30,                                October    April 30,                    Re-        October 31,
                                        Purchases    Repurchases                           Purchases
                             2009                                  31, 2009    2008                     purchases        2008
                                                                   (In millions of SDRs)
Credit tranches              19,745        14,662           (30)     34,377      4,985         2,412         (780)         6,617
Extended Fund Facility          468             --          (41)        427        676              1        (149)           528
Enlarged Access                 160             --            --        160        167             --          (3)           164
Compensatory and                 34             --            --         34         39             --           --            39
Contingency Financing
Facility
Supplementary                     19            --           (2)         17         29             --           (3)           26
Financing Facility
                             _____         _____          _____      _____       _____        _____         _____          _____
           Total credit      20,426        14,662           (73)     35,015      5,896        2,413          (935)         7,374
           outstanding



          Scheduled repurchases in the GRA and repayments of SAF loans in the SDA are
          summarized below:

                  Financial year                      General Resources            Special Disbursement
                 ending April 30                          Account                        Account
                                                                  (In millions of SDRs)
                   2010                                          198                            --
                   2011                                        1,914                            --
                   2012                                        3,267                            --
                   2013                                       13,534                            --
                   2014                                       13,319                            --
                   2015 and beyond                             2,487                            --
                   Overdue                                       296                            9
                      Total                                   35,015                            9

          The use of credit in the GRA by the largest users was as follows:

                                                        October 31, 2009                     April 30, 2009

                                                              (In millions of SDRs and as a
                                                       percentage of total GRA credit outstanding)
            Largest user of credit                        7,637        21.8%                6,323       31.0%
            Three largest users of                       20,725        59.2%               14,428       70.6%
            credit
            Five largest users of                        29,204        83.4%               17,628       86.3%
            credit
                                           10
                              General Department
                   Notes to the consolidated financial statements

The five largest users of credit as of October 31, 2009, in descending order, were
Hungary, Ukraine, Romania, Turkey, and Pakistan. Outstanding credit, by member, is
provided in Schedule 1.

The concentration of GRA outstanding credit by region was as follows:

                                           October 31, 2009              April 30, 2009
                                                  (In millions of SDRs and as a
                                           percentage of total GRA credit outstanding)

Africa                                        652          1.9%            654        3.2%
Asia and Pacific                            3,868         11.0%          2,886       14.1%
Europe                                     25,037         71.5%         11,426       55.9%
Latin America and Caribbean                   298          0.9%            297        1.5%
Middle East and Turkey                      5,160         14.7%          5,163       25.3%

   Total                                   35,015         100.0%        20,426     100.0%

Overdue obligations
At October 31 and April 30, 2009, two members were six months or more overdue in
settling their financial obligations to the General Department.

GRA repurchases, GRA charges, SAF loan repayments, and SAF interest that are six or
more months overdue were as follows:

                                     Repurchases and               Charges and SAF
                                       SAF loans                       interest
                                  October 31,   April 30,       October 31,    April 30,
                                     2009         2009             2009         2009
                                                 (In millions of SDRs)
Total overdue                        305            309                 828         826
Overdue for six months or more       305            309                 826         821
Overdue for three years or more      305            309                 786         776

The type and duration of the overdue amounts in the General Department as of
October 31, 2009, were as follows:
                                            11
                                General Department
                    Notes to the consolidated financial statements



                       Repurchases       Charges and       Total           Longest
                      and SAF loans      SAF interest    obligation   overdue obligation
                                            (In millions of SDRs)
Somalia                        106             116           222         July 1987
Sudan                          199             712           911         July 1985

 Total                         305               828       1,133


3. Borrowings and issued notes

During the six months ended October 31, 2009, the IMF met part of its financing needs
by drawing on bilateral loan agreements in the amount of SDR 2,523 million and on note
purchase agreements (“issued notes”) in the amount of SDR 640 million with member
countries and their central banks. Drawings for the quarter ended October 31, 2009
amounted to SDR 1,048 million under the borrowing agreements and SDR 640 million
under the note purchase agreements. Total committed resources from seven agreements,
converted at October 31, 2009 exchange rates, amount to SDR 133,013 million, of which
SDR 129,897 million remain undrawn. The loan agreements provide for the IMF to draw
on committed resources for initial terms of one or two years, which can be extended for
periods of up to five years. Drawings are repayable in three months but the maturity can
be unilaterally extended by the IMF for additional three-month periods for a total
maturity of up to five years.

The Executive Board approved the framework for issuance of notes in July 2009. Under
the note purchase agreements, members or their central banks may purchase IMF notes
up to an agreed limit with a maturity of up to five years. The notes are denominated in
SDRs and are tradable within the official sector, which includes all IMF members, their
central banks and other multilateral institutions.

The outstanding loans and issued notes are encashable, subject to certain conditions, upon
demand by the lenders. The new guidelines on IMF borrowing have set an
SDR 15 billion limit per agreement on the immediate encashment of bilateral loans and
on the issuance of notes that are subject to immediate encashability. Under the guidelines,
the Executive Board will determine the appropriate mix between borrowed resources and
quota resources for IMF’s financing in the context of the quarterly Financial Transactions
Plan.
                                             12
                                General Department
                    Notes to the consolidated financial statements

Drawings under the loan agreements and issued notes are denominated in SDRs and carry
interest at the SDR interest rate. The average interest rate on outstanding borrowings and
issued notes for the quarter ended October 31, 2009, was 0.27 percent per annum and the
interest expense on outstanding borrowings and issued notes during the same period was
SDR 2 million.

The following summarizes the borrowing and issued notes purchase agreements, whose
terms commence on the date of the first drawing, in effect at October 31, 2009:

                                                                      Undrawn balance
        Member                Amount              Effective Date       (in millions of
                                                                           SDRs)
Borrowings
    Japan                 US$ 100 billion     February 13, 2009             61, 239
    Canada                US$ 10 billion      July 6, 2009                    6,124
    Norway                SDR 3 billion       July 14, 2009                   2,922
    United Kingdom        SDR 9.92 billion    September 1, 2009               9,660
    Germany               € 15 billion        September 23, 2009             13,649
    Netherlands           € 5.31 billion      October 5, 2009                 4,943
                                                                             98,537
Issued notes
    China                 SDR 32 billion      September 22, 2009             31,360
Total                                                                      129,897

Subsequent to October 31, 2009, the IMF entered into borrowing agreements with
Danmarks Nationalbank, (€ 1.95 billion), Banco de Portugal (€1.06 billion) and the
Government of France (€11.06 billion).

4. Interest and charges

Interest and charges receivables were as follows:

                                             October 31, 2009            April 30, 2009
                                                      (In millions of SDRs)
Periodic charges                                    994                        920
Amount paid through burden sharing                (694)                      (692)
Unpaid charges                                    (134)                      (134)
                                                    166                         94
Interest receivable                                   2                          3
Total interest and charges receivables              168                         97
                                            13
                                General Department
                     Notes to the consolidated financial statements


Income from interest and periodic charges for the six months ended October 31 is
significantly higher than that of the comparable period in the previous financial year due
to the significant expansion of Fund credit, averaging SDR 30 billion and SDR 7 billion,
respectively. Interest and periodic charges consisted of the following for the six months
ended October 31:

                                                          2009                 2008
                                                              (In millions of SDRs)
Interest and periodic charges                                313                  170
    Burden sharing adjustments                                  1                   3
Total interest and charges                                   314                  173

Service charges and commitment fees on cancelled or expired arrangements, amounting
to SDR 74 million and SDR 13 million for the six months ended October 31, 2009 and
2008, respectively, are included in other charges and income.

5. Investments

Investments are held in the Investment Account (SDR 6,200 million at October 31, 2009
and SDR 6,498 million at April 30, 2009) and MDRI-I Trust (SDR 295 million at
October 31, 2009 and SDR 298 million at April 30, 2009) and are managed by external
managers. These investments comprise short-term investments, fixed-term deposits and
fixed-income securities, none of which include asset-backed securities. Fixed income
securities include domestic government bonds of the euro area, Japan, the United
Kingdom, and the United States; and medium-term instruments issued by the Bank for
International Settlements.

Investments consisted of the following:

                                                  October 31, 2009      April 30, 2009
                                                        (In millions of SDRs)
 Short-term investments                               202                       254
 Fixed-term deposits                                  120                        84
 Fixed-income securities                            6,173                     6,458
 Total investments                                   6,495                    6,796
                                            14
                                 General Department
                      Notes to the consolidated financial statements


The maturities of the investments are as follows:

          Financial year ending April 30
                                                     (In millions of SDRs)

                        2010                                   655
                        2011                                 1,619
                        2012                                 2,835
                        2013                                 1,338
                   2014 and beyond                              48
                         Total                               6,495

Investment income comprised the following and reflects the effects of trading and
changes in interest rates during the six months ended October 31:

                                                    2009                      2008
                                                          (In millions of SDRs)
Interest income                                        93                       104
Realized gains                                         80                         44
Realized losses                                      (11)                          --
Unrealized gains                                        9                       104
Unrealized losses                                    (99)                       (75)
       Total                                          72                        177

6. Gold holdings

In September 2009, the Executive Board approved gold sales in a volume strictly limited
to 403.3 metric tons, with these sales to be conducted under modalities that safeguard
against disruption of the gold market. Accordingly, the IMF will initially sell gold
directly to interested central banks or other official sector holders at prevailing market
prices. Thereafter, gold sales could be conducted on-market in a phased manner over time
for any amounts remaining from the 403.3 metric tons, following the approach adopted
by central banks participating in the Central Bank Gold Agreement. In October 2009, the
IMF sold 200 metric tons to the Reserve Bank of India for SDR 4,230 million at
prevailing market prices. The sales transactions were settled in November 2009, giving
rise to a receivable of SDR 4,234 million, including accrued interest, at October 31, 2009.
The realized gains from the sales (about SDR 2,902 million) are included in the
consolidated statements of comprehensive income.
                                            15
                                General Department
                     Notes to the consolidated financial statements


At October 31, 2009 the IMF held at designated depositories 3,017 metric tons of gold,
which reflects the sale of gold to the Reserve Bank of India (3,217 metric tons of gold at
April 30, 2009). Gold holdings were valued at a historical cost of SDR 4,520 million at
October 31, 2009, compared to SDR 5,852 million at April 30, 2009. The reduction in the
historical cost of gold holdings reflects the gold sales transactions, as well as the higher
than average cost basis of the gold sold determined under the specific identification
method. At October 31, 2009, the market value of the IMF's holdings of gold was
approximately SDR 63.5 billion (SDR 61.0 billion at April 30, 2009).

In November 2009, the IMF conducted further sales of gold to Bank of Mauritius
(2 metric tons, for SDR 45 million) and the Central Bank of Sri Lanka (10 metric tons,
for SDR 234 million) at prevailing market prices.

7. Multilateral Debt Relief Initiative

MDRI grant assistance to the remaining eligible members is subject to the availability of
resources and accruals are made when it is probable that a liability has been incurred and
the amount of such grant assistance can be reasonably estimated. The liability recorded in
the MDRI-I Trust (SDR 39 million and SDR 102 million at October 31, and April 30,
2009, respectively), is based on the debt owed to the IMF that is eligible for MDRI debt
relief. During the six months ended October 31, 2009, the accrued MDRI grant assistance
was reduced by SDR 61 million as a result of the delay by the remaining eligible
members in reaching the completion point and consequently lowering the eligible debt.

The reconciliation of accrued MDRI grant assistance for the six months ended
October 31 is as follows:

                                           2009                            2008
                                                   (In millions of SDRs)
Beginning of year                         102                              189
      Additions                             --                               --
      Amounts utilized                     (2)                               --
      Reversals                           (61)                             (59)
End of period                               39                             130
                                           16
                                General Department
                    Notes to the consolidated financial statements


8. Remuneration

Remuneration for the six months ended October 31 was as follows:

                                                 2009                         2008
                                                     (In millions of SDRs)
 Remuneration                                        50                        116
 Burden sharing adjustments                          (1)                        (3)
                                                     49                        113

9. Restructuring

During the six months ended October 31, 2009, costs related to separating staff
amounting to SDR 17 million were charged against the provision (SDR 8 million for the
six months ended October 31, 2008). The provision was also revised to reflect (i) the
effects of movements in the SDR/U.S. dollar exchange rate, and the discount rate
(SDR 2 million) and a reduction in estimated retraining and outplacement costs
(SDR 5 million), and (ii) additional costs associated with outsourcing (SDR 5 million).

The reconciliation of the provision for the six months ended October 31, 2009 is as
follows:

                                                           (In millions of SDRs)
Beginning of period                                                     55
      Additions                                                          5
      Amounts utilized                                                (17)
      Reversals                                                        (7)
End of period                                                         36

10. Arrangements and commitments in the General Department

At October 31, 2009, the undrawn balances under the 21 arrangements that were in effect
in the GRA amounted to SDR 77,308 million (SDR 51,775 million under
16 arrangements at April 30, 2009); see Schedule 3.
                                            17
                                General Department
                      Notes to the consolidated financial statements

11. Pension and other post-retirement benefits

The IMF has a defined-benefit Staff Retirement Plan (SRP) that covers substantially all
eligible staff and a Supplemental Retirement Benefits Plan (SRBP) for selected
participants of the SRP. Participants contribute seven percent of their pensionable
remuneration. The IMF contributes the remainder of the cost of funding the plans; the
plans pay for the administrative costs (see Note 13). In addition, the IMF provides other
employment and post-retirement benefits, including medical, life insurance and other
long-term benefits. In 1995, the IMF established a separate account, the Retired Staff
Benefits Investment Account (RSBIA), to hold and invest resources set aside to fund the
cost of the post-retirement benefits.

The obligations of the SRP, SRBP, and other post-retirement benefits are valued annually
by independent actuaries. The latest actuarial valuations were carried out as at April 30,
2009 using the Projected Unit Credit Method and the net assets of the plans amounted to
SDR 351 million.

The fair value of plan assets was as follows:


                                 October 31, 2009              April 30, 2009
                                              (In millions of SDRs)

       SRP                                 3,805                       3,420
       SRBP                                   11                          11
       Other                                 477                         408
       Total assets                        4,293                       3,839

12. Other administered accounts
At the request of certain members, the IMF has established accounts to administer
resources contributed by these members and to perform financial and technical services
consistent with the purposes of the IMF. The assets of each account and each subaccount
are separate from the assets of all other accounts of, or administered by, the IMF and are
not to be used to discharge liabilities or to meet losses incurred in the administration of
other accounts.
                                            18
                                 General Department
                     Notes to the consolidated financial statements

The total assets of these accounts were as follows:
                                                      October 31, 2009    April 30, 2009
                                                         (In millions of U.S. dollars)
Administered Account Japan                                    130.8               130.7
Administered Account for Selected Fund
   Activities - Japan                                          20.7              22.4
Framework Administered Account for Technical
   Assistance Activities                                       33.2             35.7
                                                          (In millions of SDRs)
Supplementary Financing Facility Subsidy
Account                                                         1.0                1.0
The Post-Conflict and Natural Disaster
   Emergency Assistance Subsidy Account                        13.3              13.0
Post SCA-2 Administered Account                                46.9              46.9
SCA-1/Deferred Charges Administered Account                   114.0             113.8
Austria-II Administered Account                                 7.0               7.0
Administered Account for Liberia                              378.4             377.8
Japan Administered Account for Liberia                          6.2               6.2
PRGF Administered Account – Indonesia                          25.0              25.0
PRGF Administered Account – Portugal                             --               0.4


13. Related party transactions

The GRA conducts transactions with the SDR Department on the same terms and
conditions applicable to participants in the SDR Department. The administrative
expenses of operating the SDR Department, the SRP, the RSBIA, and other accounts
administered by the IMF as Trustee are borne by the GRA. The SDR Department, the
SRP, and the RSBIA reimburse the GRA (such reimbursements amounted to
SDR 4 million for the financial year ended April 30, 2009).
                                                                      19
                                                                                                                                            Schedule 1
                                                       General Department

                             Quotas, IMF’s holdings of currencies, reserve tranche positions
                                           and outstanding credit and loans
                                                 at October 31, 2009
                                                          (In millions of SDRs)

                                                                                                    Outstanding credit and loans
                                             General Resource Account                        GRA
                                          IMF’s holdings                                                                           PRGF-ESF
                                          of currencies 1/         Reserve         Amount          Percent 2/        SDA 3/         Trust 4/      Total 5/
                                                   Percent of      tranche
        Member             Quota       Total         Quota         position         (A)                +              (B)             (C)           (D)
Afghanistan, Islamic
 Republic of                   161.9      161.9         100.0              --                --               --              --        69.7           69.7
Albania                         48.7       53.9         110.7             3.4               8.5            0.02               --        37.7           46.2
Algeria                      1,254.7    1,169.6          93.2            85.1                --               --              --          --             --
Angola                         286.3      286.4         100.0              --                --               --              --          --             --
Antigua and Barbuda             13.5       13.5         100.0              -- /6             --               --              --          --             --

Argentina                    2,117.1    2,116.9         100.0             0.2                --               --              --          --             --
Armenia                         92.0      356.2         387.2              --             264.2            0.75               --        75.3          339.5
Australia                    3,236.4    2,540.2          78.5           696.7                --               --              --          --             --
Austria                      1,872.3    1,496.9          79.9           375.4                --               --              --          --             --
Azerbaijan                     160.9      160.8          99.9             0.1                --               --              --        42.0           42.0

Bahamas, The                  130.3       124.0          95.2             6.3              --                 --              --          --             --
Bahrain                       135.0        63.8          47.3            71.2              --                 --              --          --             --
Bangladesh                    533.3       666.3         124.9             0.3           133.3              0.38               --       301.9          435.2
Barbados                       67.5        61.8          91.6             5.7              --                 --              --          --             --
Belarus                       386.4     1,780.1         460.7              -- /6      1,393.7              3.98               --          --        1,393.7

Belgium                      4,605.2    3,604.2          78.3         1,001.0                --               --              --          --             --
Belize                          18.8       19.3         102.7             4.2               4.7            0.01               --          --            4.7
Benin                           61.9       59.7          96.4             2.2                --               --              --        24.8           24.8
Bhutan                           6.3        5.3          84.1             1.0                --               --              --          --             --
Bolivia                        171.5      162.6          94.8             8.9                --               --              --          --             --

Bosnia and Herzegovina         169.1      351.7         208.0              -- /6          182.6            0.52               --             --       182.6
Botswana                        63.0       51.7          82.1            11.3                --               --              --             --          --
Brazil                       3,036.1    2,630.3          86.6           405.8                --               --              --             --          --
Brunei Darussalam              215.2      201.7          93.7            13.7                --               --              --             --          --
Bulgaria                       640.2      606.5          94.7            33.7                --               --              --             --          --

Burkina Faso                    60.2       52.8          87.7             7.4                --                 --            --        36.3           36.3
Burundi                         77.0       76.6          99.5             0.4                --                 --            --        58.0           58.0
Cambodia                        87.5       87.5         100.0              --                --                 --            --          --             --
Cameroon                       185.7      184.9          99.6             0.8                --                 --            --       111.4          111.4
Canada                       6,369.2    4,992.7          78.4         1,376.5                --                 --            --          --             --

Cape Verde                       9.6        9.6         100.0              -- /6             --                 --            --         7.3            7.3
Central African Republic        55.7       55.5          99.6             0.2                --                 --            --        38.6           38.6
Chad                            56.0       55.7          99.5             0.3                --                 --            --        19.3           19.3
Chile                          856.1      673.0          78.6           183.1                --                 --            --          --             --
China                        8,090.1    6,515.1          80.5         1,575.1                --                 --            --          --             --

Colombia                      774.0      515.3           66.6           258.7                --                 --            --             --            --
Comoros                         8.9        8.4           94.4             0.5                --                 --            --            6.5           6.5
Congo, Democratic
 Republic of                  533.0      533.0          100.0              --                --                 --            --       502.7          502.7
Congo, Republic of             84.6       84.0           99.3             0.6                --                 --            --        26.0           26.0
Costa Rica                    164.1      144.1           87.8            20.0                --                 --            --          --             --

Cote d'Ivoire                 325.2      324.4           99.8              0.8               --                 --            --       188.6          188.6
Croatia                       365.1      364.9           99.9              0.2               --                 --            --          --             --
                                                                        20
                                                                                                                           Schedule 1 (continued)
                                                        General Department

                               Quotas, IMF’s holdings of currencies, reserve tranche positions
                                             and outstanding credit and loans
                                                  as at October 31, 2009
                                                           (In millions of SDRs)

                                                                                                       Outstanding credit and loans
                                               General Resource Account                         GRA
                                           IMF’s holdings                                                                             PRGF-ESF
                                            of currencies 1/         Reserve          Amount          Percent 2/        SDA 3/         Trust 4/     Total 5/
                                                     Percent of      tranche
       Member               Quota       Total          Quota         position          (A)                +              (B)             (C)          (D)
Cyprus                          139.6      111.3             79.7          28.4                 --                 --            --            --           --
Czech Republic                  819.3      665.3             81.2         154.0                 --                 --            --            --           --
Denmark                       1,642.8    1,286.3             78.3         356.5                 --                 --            --            --           --

Djibouti                         15.9      14.8            93.1             1.1                 --                --             --        10.9          10.9
Dominica                          8.2      10.2           124.4              -- /6             2.1             0.01              --        10.7          12.8
Dominican Republic              218.9     507.8           232.0              -- /6           288.9             0.83              --          --         288.9
Ecuador                         302.3     285.1            94.3            17.2                 --                --             --          --            --
Egypt                           943.7     943.7           100.0              --                 --                --             --          --            --

El Salvador                     171.3     171.3           100.0               --                --                 --            --          --            --
Equatorial Guinea                32.6      32.6           100.0               --                --                 --            --          --            --
Eritrea                          15.9      15.9           100.0               -- /6             --                 --            --          --            --
Estonia                          65.2      65.2           100.0               -- /6             --                 --            --          --            --
Ethiopia                        133.7     126.2            94.4              7.5                --                 --            --       107.0         107.0

Fiji                             70.3       54.3           77.2            16.0                 --                 --            --          --            --
Finland                       1,263.8      993.7           78.6           270.1                 --                 --            --          --            --
France                       10,738.5    8,432.2           78.5         2,306.4                 --                 --            --          --            --
Gabon                           154.3      153.8           99.7             0.5                 --                 --            --          --            --
Gambia, The                      31.1       29.6           95.2             1.5                 --                 --            --        18.2          18.2

Georgia                         150.3      532.8          354.5              -- /6           382.5             1.09              --       120.5         503.0
Germany                      13,008.2   10,145.1           78.0         2,863.3                 --                --             --          --            --
Ghana                           369.0      369.0          100.0              -- /6              --                --             --       173.1         173.1
Greece                          823.0      652.3           79.3           170.8                 --                --             --          --            --
Grenada                          11.7       12.1          103.4              --                0.4                --             --        10.8          11.2

Guatemala                       210.2     210.2           100.0               --                --                --             --          --            --
Guinea                          107.1     107.0            99.9              0.1                --                --             --        40.5          40.5
Guinea-Bissau                    14.2      19.4           136.6              0.1               5.3             0.02              --         1.5           6.8
Guyana                           90.9      90.9           100.0               --                --                --             --        37.1          37.1
Haiti                            81.9      81.8            99.9              0.1                --                --             --       105.0         105.0

Honduras                        129.5      120.9           93.4            8.6                --                  --             --        20.3          20.3
Hungary                       1,038.4    8,601.6          828.4           73.8           7,637.0              21.81              --          --       7,637.0
Iceland                         117.6      764.0          649.7           18.6             665.0               1.90              --          --         665.0
India                         4,158.2    3,246.2           78.1          912.1                --                  --             --          --            --
Indonesia                     2,079.3    1,933.8           93.0          145.5                --                  --             --          --            --

Iran, Islamic Republic of     1,497.2    1,497.2          100.0              -- /6              --                 --            --            --           --
Iraq                          1,188.4    1,017.3           85.6           171.1                 --                 --            --            --           --
Ireland                         838.4      656.8           78.3           181.6                 --                 --            --            --           --
Israel                          928.2      743.9           80.1           184.3                 --                 --            --            --           --
Italy                         7,055.5    5,519.8           78.2         1,535.7                 --                 --            --            --           --

Jamaica                         273.5      273.5          100.0              --                 --                --             --          --            --
Japan                        13,312.8   10,563.1           79.3         2,751.2                 --                --             --          --            --
Jordan                          170.5      177.9          104.3             0.3                7.6             0.02              --          --           7.6
Kazakhstan                      365.7      365.7          100.0              -- /6              --                --             --          --            --
Kenya                           271.4      258.5           95.2            12.9                 --                --             --       289.9         289.9
                                                                         21
                                                                                                                            Schedule 1 (continued)
                                                         General Department

                             Quotas, IMF’s holdings of currencies, reserve tranche positions
                                           and outstanding credit and loans
                                                as at October 31, 2009
                                                             (In millions of SDRs)

                                                                                                        Outstanding credit and loans
                                                General Resource Account                         GRA
                                            IMF’s holdings                                                                             PRGF-ESF
                                             of currencies 1/         Reserve          Amount          Percent 2/        SDA 3/         Trust 4/     Total 5/
                                                      Percent of      tranche
         Member            Quota         Total          Quota         position          (A)                +              (B)             (C)          (D)
Kiribati                         5.6           5.6           100.0             -- /6             --                 --            --          --            --
Korea, Republic of           2,927.3      2,298.9             78.5         628.4                 --                 --            --          --            --
Kosovo, Republic of             59.0             --             --             --                --                 --            --          --            --
Kuwait                       1,381.1      1,127.3             81.6         253.8                 --                 --            --          --            --
Kyrgyz Republic                 88.8         88.8            100.0             -- /6             --                 --            --       109.9         109.9

Lao People's Democratic
 Republic                      52.9         52.9           100.0              --                 --               --              --        10.0          10.0
Latvia                        126.8        840.6           662.9             0.1              713.8            2.04               --          --         713.8
Lebanon                       203.0        260.3           128.2            18.8               76.1            0.22               --          --          76.1
Lesotho                        34.9         31.3            89.7             3.6                 --               --              --        15.8          15.8
Liberia                       129.2        471.9           365.2              -- /6           342.8            0.98               --       221.3         564.1

Libya                        1,123.7       731.2            65.1           392.6                 --                 --            --            --           --
Lithuania                      144.2       144.2           100.0              -- /6              --                 --            --            --           --
Luxembourg                     279.1       227.0            81.3            52.1                 --                 --            --            --           --
Macedonia, Former
 Yugoslav Rep. of              68.9         68.9           100.0               -- /6             --                 --            --          --            --
Madagascar                    122.2        122.2           100.0               -- /6             --                 --            --        64.4          64.4

Malawi                          69.4         67.1           96.7             2.4                 --                 --            --        80.9          80.9
Malaysia                     1,486.6      1,204.4           81.0           282.2                 --                 --            --          --            --
Maldives                         8.2          7.7           93.9             1.6                1.0                 --            --          --           1.0
Mali                            93.3         83.4           89.4             9.9                 --                 --            --        28.0          28.0
Malta                          102.0         68.9           67.5            33.1                 --                 --            --          --            --

Republic of the Marshall           3.5        3.5          100.0               -- /6             --                 --            --            --           --
 Islands
Mauritania                      64.4         64.4          100.0              --                 --                 --            --        10.3          10.3
Mauritius                      101.6         88.4           87.0            13.2                 --                 --            --          --            --
Mexico                       3,152.8      2,539.8           80.6           613.1                 --                 --            --          --            --
Micronesia Federated
 States of                         5.1        5.1          100.0               -- /6             --                 --            --            --           --

Moldova                       123.2        123.2           100.0              -- /6              --               --              --        99.1          99.1
Mongolia                       51.1        142.9           279.6             0.1               92.0            0.26               --         8.7         100.7
Montenegro                     27.5         20.9            76.0             6.6                 --               --              --          --            --
Morocco                       588.2        517.8            88.0            70.4                 --               --              --          --            --
Mozambique                    113.6        113.6           100.0              -- /6              --               --              --        94.9          94.9

Myanmar                        258.4        258.4          100.0              --                 --                 --            --          --            --
Namibia                        136.5        136.4           99.9             0.1                 --                 --            --          --            --
Nepal                           71.3         71.3          100.0              -- /6              --                 --            --        49.2          49.2
Netherlands                  5,162.4      4,091.2           79.2         1,071.2                 --                 --            --          --            --
New Zealand                    894.6        720.8           80.6           173.8                 --                 --            --          --            --

Nicaragua                      130.0        130.0          100.0              --                 --                 --            --        72.1          72.1
Niger                           65.8         57.2           86.9             8.6                 --                 --            --        36.2          36.2
Nigeria                      1,753.2      1,753.1          100.0             0.1                 --                 --            --          --            --
Norway                       1,671.7      1,346.9           80.6           324.8                 --                 --            --          --            --
Oman                           194.0        158.4           81.6            35.6                 --                 --            --          --            --
                                                                    22
                                                                                                                      Schedule 1 (continued)
                                                    General Department

                           Quotas, IMF’s holdings of currencies, reserve tranche positions
                                         and outstanding credit and loans
                                              as at October 31, 2009
                                                        (In millions of SDRs)

                                                                                                  Outstanding credit and loans
                                           General Resource Account                        GRA
                                       IMF’s holdings                                                                            PRGF-ESF
                                        of currencies 1/         Reserve          Amount         Percent 2/        SDA 3/         Trust 4/    Total 5/
                                                 Percent of      tranche
         Member         Quota       Total          Quota         position          (A)               +              (B)             (C)         (D)
Pakistan                  1,033.7    4,436.2            429.2           0.1          3,402.6              9.72              --        654.7     4,057.3
Palau                         3.1         3.1           100.0             -- /6           --                 --             --           --          --
Panama                      206.6      194.8             94.3          11.9               --                 --             --           --          --
Papua New Guinea            131.6      131.2             99.7           0.4               --                 --             --           --          --
Paraguay                     99.9       78.4             78.5          21.5               --                 --             --           --          --

Peru                        638.4      516.4           80.9           122.0                --                 --            --           --          --
Philippines                 879.9      792.2           90.0            87.7                --                 --            --           --          --
Poland                    1,369.0    1,094.6           80.0           274.5                --                 --            --           --          --
Portugal                    867.4      682.3           78.7           185.1                --                 --            --           --          --
Qatar                       263.8      212.5           80.6            51.3                --                 --            --           --          --

Romania                   1,030.2    7,118.2          691.0              --          6,088.0             17.39              --           --     6,088.0
Russian Federation        5,945.4    4,716.2           79.3         1,229.2               --                 --             --           --          --
Rwanda                       80.1       80.1          100.0              --               --                 --             --          9.7         9.7
St. Kitts and Nevis           8.9       11.0          123.6             0.1              2.2              0.01              --           --         2.2
St. Lucia                    15.3       15.3          100.0              -- /6            --                 --             --          6.9         6.9

St. Vincent and the
  Grenadines                  8.3        7.8           94.0             0.5                --                 --            --          3.7         3.7
Samoa                        11.6       10.9           94.0             0.7                --                 --            --           --          --
San Marino                   17.0       12.9           75.9             4.1                --                 --            --           --          --
Sao Tome and Principe         7.4        7.4          100.0              -- /6             --                 --            --          2.8         2.8
Saudi Arabia              6,985.5    5,698.9           81.6         1,286.6                --                 --            --           --          --

Senegal                     161.8      160.1           98.9             1.7              --                  --             --         74.0        74.0
Serbia                      467.7    1,169.3          250.0              --           701.6               2.00              --           --       701.6
Seychelles                    8.8       16.7          189.8              -- /6          7.9               0.02              --           --         7.9
Sierra Leone                103.7      103.7          100.0              -- /6           --                  --             --         46.7        46.7
Singapore                   862.5      695.7           80.7           166.9              --                  --             --           --          --

Slovak Republic             357.5      289.7           81.0            67.8               --                 --            --            --          --
Slovenia                    231.7      189.6           81.8            42.1               --                 --            --            --          --
Solomon Islands              10.4        9.9           95.2             0.6               --                 --            --            --          --
Somalia                      44.2      140.9          318.8              --             96.7              0.28            8.8            --       112.0
South Africa              1,868.5    1,867.1           99.9             1.5               --                 --            --            --          --

Spain                     3,048.9    2,418.3           79.3           630.6              --                  --             --           --          --
Sri Lanka                   413.4      605.0          146.3            47.9           239.4               0.68              --         26.9       266.3
Sudan                       169.7      369.2          217.6              -- /6        199.5               0.57              --           --       258.7
Suriname                     92.1       86.0           93.4             6.1              --                  --             --           --          --
Swaziland                    50.7       44.1           87.0             6.6              --                  --             --           --          --

Sweden                    2,395.5    1,932.8           80.7           462.7                --                 --            --          --           --
Switzerland               3,458.5    2,697.0           78.0           761.5                --                 --            --          --           --
Syrian Arab Republic        293.6      293.6          100.0              -- /6             --                 --            --          --           --
Tajikistan                   87.0       87.0          100.0              -- /6             --                 --            --        26.1         26.1
Tanzania                    198.9      188.9           95.0            10.0                --                 --            --       170.3        170.3

Thailand                  1,081.9     851.8            78.7           230.1                --                 --            --           --          --
Timor-Leste                   8.2       8.2           100.0              -- /6             --                 --            --           --          --
Togo                         73.4      73.1            99.6             0.3                --                 --            --         49.2        49.2
                                                                                       23
                                                                                                                                               Schedule 1 (continued)
                                                                     General Department

                                      Quotas, IMF’s holdings of currencies, reserve tranche positions
                                                    and outstanding credit and loans
                                                         as at October 31, 2009
                                                                         (In millions of SDRs)

                                                                                                                          Outstanding credit and loans
                                                         General Resource Account                                GRA
                                                      IMF’s holdings                                                                                     PRGF-ESF
                                                      of currencies 1/         Reserve                 Amount            Percent 2/        SDA 3/         Trust 4/        Total 5/
                                                               Percent of      tranche
         Member                   Quota            Total         Quota         position                  (A)                  +              (B)              (C)           (D)
Tonga                                    6.9            5.2            75.4           1.7                         --                  --            --               --           --
Trinidad and Tobago                    335.6         275.4             82.1          60.2                         --                  --            --               --           --

Tunisia                                286.5          266.3             92.9              20.2                   --                   --            --               --          --
Turkey                               1,191.3        6,154.9            516.7             112.8              5,076.3               14.50             --               --     5,076.3
Turkmenistan                            75.2           75.2            100.0                -- /6                --                   --            --               --          --
Uganda                                 180.5          180.5            100.0                -- /6                --                   --            --              6.0         6.0
Ukraine                              1,372.0        8,372.0            610.2                -- /6           7,000.0               19.99             --               --     7,000.0

United Arab Emirates                  611.7           493.9             80.7             118.4                    --                  --            --               --           --
United Kingdom                     10,738.5         8,509.9             79.2           2,228.7                    --                  --            --               --           --
United States                      37,149.3        28,596.5             77.0           8,553.2                    --                  --            --               --           --
Uruguay                               306.5           306.5            100.0                --                    --                  --            --               --           --
Uzbekistan                            275.6           275.6            100.0                -- /6                 --                  --            --               --           --

Vanuatu                                 17.0           14.5             85.3                2.5                   --                  --            --               --           --
Venezuela, Republica
 Bolivariana                         2,659.1        2,337.2             87.9             321.9                    --                  --            --            --             --
Vietnam                                329.1          329.1            100.0                -- /6                 --                  --            --          58.0           58.0
Yemen, Republic of                     243.5          243.5            100.0                -- /6                 --                  --            --          33.5           33.5
Zambia                                 489.1          489.1            100.0                -- /6                 --                  --            --         168.9          168.9

Zimbabwe                               353.4          353.1             99.9                0.3                   --                  --            --          73.8           73.8

Total                             217,431.7      212,925.9                           39,468.3             35,015.7            100.00               8.8        4,803.6     39,893.8


The ending balances include rounding differences

1/ Includes nonnegotiable, non-interest-bearing notes that members are entitled to issue in substitution for currencies, and outstanding currency valuation
adjustments.
2/ Represents the percentage of total use of GRA resources (column A).
3/ The Special Disbursement Account (SDA) of the General Department had financed loans under Structural Adjustment Facility (SAF) and Poverty
Reduction Growth Facility (PRGF) arrangements.
4/ For information purposes only. The PRGF-ESF Trust provides financing under PRGF arrangements and is not a part of the General Department.
5/ Includes outstanding Trust Fund loans to Somalia (SDR 6.5 million), and Sudan (SDR 59.2 million).
6/ Less than SDR 50,000.




                                                                                                                                              Schedule 1 (concluded)
                                                                            24
                                                                                                                                                Schedule 2


                                                          General Department
                                            Financial resources and liquidity position
                                               in the General Resources Account

                                                              (In millions of SDRs)

                                                                                                October 31, 2009                         April 30, 2009
Total resources
 Currencies                                                                                                  212,926                              209,607
 SDR holdings                                                                                                  2,320                                2,133
 Gold holdings                                                                                                 4,520                                5,852
 Other assets 1                                                                                               10,810                                6,875
                                                                                                             230,576                              224,467
  Available Resources under borrowing arrangements 2                                                         129,897                                    --
     Total resources                                                                                         360,473                              224,467

Less: Non-usable resources 3                                                                                  86,374                               70,352
  of which: Credit outstanding                                                                                35,015                               20,426
Equals: Usable resources 4                                                                                   274,099                              154,115

Less: Undrawn balances under GRA arrangements                                                                 77,308                               51,775
Equals: Uncommitted usable resources                                                                         196,791                              102,340

Plus: Repurchases one year forward 5                                                                           1,054                                   266
Less: Prudential balance 6                                                                                    62,587                                35,733
Equals: One-year forward commitment capacity (FCC)                                                           135,258                                66,873

Memorandum items:
 Resources committed under borrowing arrangements
   GAB/NAB                                                                                                    34,000                               34,000
   Others                                                                                                    133,013                               67,000
 Quotas of members that finance IMF transactions                                                             179,919                              178,664
 Liquid liabilities                                                                                           39,468                               28,195

1 Other assets reflect current assets (charges, interest, and other receivables) and other assets (which include capital assets such as land, buildings, and
equipment), net of other liabilities including remuneration payable.
2 Includes amounts available for drawing under activated borrowing arrangements and issued notes.
3 Resources are regarded as nonusable if they cannot be used in the financing of the IMF's ongoing operations and transactions. These resources include
(1) gold holdings, (2) currencies of members that are using IMF credit, (3) currencies of other members with relatively weak external positions, and (4)
other assets.
4 Usable resources consist of (1) holdings of currencies of members considered by the IMF as having balance of payments and reserve positions
sufficiently strong for their currencies to be used in transfers, (2) SDR holdings, and (3) any unused amounts under credit lines that have been activated.
5 Repurchases by member countries during the coming 12-month period.
6 Prudential balance is set at 20 percent of quotas of members that issue the currencies that are used in the financing of IMF transactions and any amounts
activated under GAB/NAB borrowing arrangements, or otherwise made available under bilateral borrowing and note purchase agreements that are fully
in place (excluding repayments of borrowings due in the coming one-year period).
                                                              25
                                                                                               Schedule 3

                                                   General Department

                                           Status of arrangements in the
                                            General Resources Account
                                               as at October 31, 2009
                                                (In millions of SDRs)

       Member                        Date of                       Expiration   Total amount     Undrawn
                                  arrangement                                      agreed         balance
Stand-By Arrangements
Armenia                           March 06, 2009           July 05, 2011            534             269
Belarus                           January 12, 2009         April 11, 2010         2,270             876
Bosnia and Herzegovina            July 08, 2009            June 30, 2012          1,015             832
Costa Rica                        April 11, 2009           July 10, 2010            492             492
El Salvador                       January 16, 2009         March 31, 2010           514             514
Gabon                             May 07, 2007             May 06, 2010              77              77
Georgia                           September 15, 2008       June 14, 2011            747             365
Guatemala                         April 22, 2009           October 21, 2010         631             631
Hungary                           November 06, 2008        October 05, 2010      10,538           2,901
Iceland                           November 19, 2008        May 31, 2011           1,400             735
Latvia                            December 23, 2008        March 22, 2011         1,522             808
Mongolia                          April 01, 2009           October 01, 2010         153              61
Pakistan                          November 24, 2008        December 30, 2010      7,236           3,833
Romania                           May 04, 2009             May 03, 2011          11,443           5,355
Serbia, Republic of               January 16, 2009         April 15, 2011         2,619           1,918
Seychelles                        November 14, 2008        November 13, 2010         18              10
Sri Lanka                         July 24, 2009            March 23, 2011         1,654           1,447
Ukraine                           November 05, 2008        November 04, 2010     11,000           4,000
  Total Stand-By Arrangements                                                    53,863          25,124


Flexible Credit Line
Colombia                          May 11, 2009             May 10, 2010           6,966           6,966
Mexico                            April 17, 2009           April 16, 2010        31,528          31,528
Poland                            May 06, 2009             May 05, 2010          13,690          13,690
     Total Flexible Credit Line                                                  52,184          52,184
   Total General Resources
   Account                                                                      106,047          77,308
II. Financial Statements
         of the
   SDR Department
                                                                                      SDR Department
                                                                                Statements of financial position


                                                                                       (In millions of SDRs)


                                                                  October 31,        April 30,                                                             October 31,       April 30,
                                                                     2009             2009                                                                    2009            2009
                                                                  (unaudited)                                                                              (unaudited)

Assets                                                                                            Liabilities
Net charges and assessments receivable                                          6            10   Net interest payable                                                   6           10
Overdue charges and assessments (Note 4)                                        --           14

Participants with holdings below allocations (Note 3)                                             Participants with holdings above allocations (Note 3)
  Allocations                                                            81,364    10,880              SDR holdings                                            127,839    15,568
  Less : SDR holdings                                                    73,113 _________
                                                                                    3,190             Less: allocations                                                   10,553
                                                                                                                                                               122,619 _________




                                                                                                                                                                                          27
                                                                      _________                                                                              _________
Allocations in excess of holdings                                         8,251     7,690
                                                                      _________ _________         Holdings in excess of allocations                              5,220     5,015
                                                                                                                                                             _________ _________
                                                                                                  Participants' holdings held in escrow account (Note 3)             --        --
                                                                                                  Holdings by the General Resources Account                      2,319     2,133
                                                                                                  Holdings by prescribed holders                                   712       556
                                                                                                                                                             _________ _________
Total assets                                                             8,257    7,714           Total liabilities                                             8,257    7,714
                                                                      ======== ========                                                                      ======== ========

   The accompanying notes are an integral part of these financial statements.




                     /s/ Andrew Tweedie                                                                                               /s/ Dominique Strauss-Kahn
               Director, Finance Department                                                                                               Managing Director
                                                                          28


                                                          SDR Department
                                  Statements of comprehensive income
                    for the three and six months ended October 31, 2009, and 2008
                                              (unaudited)
                                          (In millions of SDRs)


                                                                           2009                      2008
                                                                Three Months Six Months   Three Months Six Months
Revenue
Net charges from participants with holdings
   below allocations                                                       5        13           51          109
Assessment on SDR allocations                                              --
                                                                      _______        1
                                                                                _______           --
                                                                                             _______           1
                                                                                                          _______
                                                                           5
                                                                      _______       14
                                                                                _______          51
                                                                                             _______         110
                                                                                                          _______
Expenses
Interest on SDR holdings
   Net interest to participants with holdings
      above allocations                                                     3        8           35           71
   General Resources Account                                                2        4           12           26
   Prescribed holders                                                      --
                                                                      _______        1
                                                                                _______           4
                                                                                             _______          12
                                                                                                          _______
                                                                            5       13           51          109
Administrative expenses                                                    --        1            --           1
                                                                      _______   _______      _______      _______
                                                                            5       14           51          110
Other comprehensive income                                                 --
                                                                      _______        --
                                                                                _______           --
                                                                                             _______           --
                                                                                                          _______
Net comprehensive income                                                  --        --           --           --
                                                                      ======    ======       ======       ======

  The accompanying notes are an integral part of these financial statements.
                                                        29


                                            SDR Department
                                    Statements of cash flows
                      for the six months ended October 31, 2009, and 2008
                                           (unaudited)
                                      (In millions of SDRs)

                                                                               2009        2008

Cash flows from operating activities
Receipts of SDRs
  SDR allocations                                                               182,550         -
  Transfers among participants and prescribed holders                             2,403       1,212
  Transfers from participants and prescribed holders to the
   General Resources Account                                                       407            237
  Transfers from the General Resources Account to participants
   and prescribed holders                                                          225            284
  Interest received:
       Participants                                                                 11          70
       General Resources Account                                                     5          29
       Prescribed holders                                                            1
                                                                              ________          13
                                                                                          ________
        Total receipts of SDRs                                                  185,602       1,845
                                                                              =========   =========


Uses of SDRs
  Transfers among participants and prescribed holders                             2,403       1,212
  Transfers from participants and prescribed holders to the
   General Resources Account                                                       407            237
  Transfers from the General Resources Account to participants
   and prescribed holders                                                          225         284
  Charges paid by participants                                                      17
                                                                              ________         112
                                                                                          ________
        Total uses of SDRs                                                        3,052       1,845
                                                                              =========   =========


 The accompanying notes are an integral part of these financial statements.
                                              30

                                    SDR Department

                              Notes to the financial statements

1. Nature of operations

To provide liquidity to the global economic system and supplement member countries'
foreign exchange reserves, the Board of Governors of the IMF approved on August 7, 2009 a
general allocation of SDRs of US $250 billion, equivalent to SDR 161.2 billion. The general
allocation was made on August 28, 2009 to IMF members that are participants in the SDR
Department in proportion to their existing IMF quotas.

The Fourth Amendment to the IMF's Articles of Agreement providing for a special one-time
allocation of SDR 21.5 billion entered into force on August 5, 2009, when all members
accepted the proposed Amendment. The special allocation was made to IMF members on
September 9, 2009. In accordance with the Fourth Amendment, SDRs allocated to
participants with overdue obligations to the IMF have been deposited and held in an escrow
account within the SDR Department and will be released to the participants upon the latter’s
settlement of all overdue obligations.


2. Basis of preparation

The unaudited financial statements of the SDR Department have been prepared in accordance
with International Accounting Standard 34 (Interim Financial Reporting). These financial
statements do not include all information and notes required by IFRS for complete financial
statements and should be read with the April 30, 2009 financial statements and the notes
included therein.

Unit of account

At October 31, 2009, one SDR was equal to US$1.58989 (one SDR was equal to
US$1.49783 at April 30, 2009).

Interest and charges

Interest is paid on holdings of SDRs and charges are levied on each participant’s net
cumulative allocations at the SDR interest rate. The average SDR interest rate was 0.27
percent for the quarter ended October 31, 2009 (2.65 percent for the quarter ended October
31, 2008).

3. Allocations and holdings

At October 31, 2009, net cumulative allocations to participants totaled SDR 204.0 billion
(SDR 21.4 billion at April 30, 2009). Participants with holdings in excess of their allocations
                                                   31

                                         SDR Department

                                   Notes to the financial statements

have established a net claim on the SDR Department, which is represented on the balance
sheet as a liability. Participants with holdings below their allocations have used part of their
allocations, which results in a net obligation to the SDR Department and is presented as an
asset of the SDR Department. Participants’ net SDR positions were as follows:


                                            October 31, 2009                        April 30, 2009
                                               Below       Above                       Below       Above
                                      Total allocations allocations       Total     allocations allocations
                                                            (In millions of SDRs)

Cumulative allocations                203,983     81,364      122,619       21,433      10,880       10,553
Holdings of SDRs by participants      200,951     73,113      127,838       18,758       3,190       15,568


Net SDR positions                       3,032      8,251       (5,219)       2,675       7,690      (5,015)

A summary of SDR holdings is provided below:
                                                           October 31,        April 30,
                                                              2009             2009
                                                              (In millions of SDRs)
               Participants                                    200,951               18,758
               General Resources Account                         2,320                2,133
               Prescribed holders                                  712                  556
                                                               203,983               21,447
               Less: Overdue charges receivable                      --                  14
               Total holdings                                  203,983               21,433

At October 31, 2009, SDRs deposited and held in an escrow account on behalf of participants
with overdue obligations to the IMF amounted to SDR 86 million. These holdings offset
against allocations that would be effective when overdue obligations are settled. The amounts
were as follows:

                                                        (In millions of SDRs)
      Somalia                                                      4
      Sudan                                                       16
      Zimbabwe                                                    66
        Total                                                     86
                                             32

                                   SDR Department

                             Notes to the financial statements

4. Overdue charges and assessments

During the quarter ended October 31, 2009, and subsequent to the general allocation of SDRs
to all participants, members in arrears to the SDR Department settled their overdue financial
obligations. At April 30, 2009, one member (Somalia) was six months or more overdue
(since 1991) in meeting its financial obligations, amounting to SDR 14.1 million, to the SDR
Department.

Assessments and charges due from Somalia that were six months or more overdue to the
SDR Department were as follows:

                                                  October 31, 2009 April 30, 2009
                                                       (In millions of SDRs)
     Total                                               --                14
     Overdue for six months or more                      --                14
     Overdue for three years or more                     --                11


5. Administrative expenses and assessments

For the quarters ended October 31, 2009, and 2008, the expenses of administering the SDR
Department, and the assessments on participants’ cumulative SDR allocations, were SDR 0.5
million and SDR 0.4 million, respectively.
                                                                33


                                                                                                                    Schedule 1
                                                     SDR Department
                                    Statements of changes in SDR holdings
                             for the six months ended October 31, 2009, and 2008

                                                     (In millions of SDRs)


                                                                          General
                                                                         Resources    Prescribed                    Total
                                                          Participants    Account       holders           2009              2008
Total holdings, beginning of year                            18,758.2       2,133.1       556.0         21,447.4           21,446.7
                                                          _________      ________     ________       _________          _________
Receipts of SDRs
SDR allocations                                             182,550.3            --           --       182,550.3                     --

Transfers among participants and
prescribed holders
 Transactions by agreement                                     1,672.7           --       130.3          1,803.0               879.4
 Operations
   Settlement of financial obligations                              --           --         0.3              0.3                    3.4
 IMF-related operations
   PRGF-ESF Trust loans                                         181.7            --           --           181.7                41.2
   PRGF-ESF Trust contributions and payments                     46.2            --       201.7            247.8               108.7
   PRGF-ESF Trust repayments and interest                           --           --       155.0            155.0               165.5
   PRGF-HIPC contributions and interest payments                 10.7            --         0.0 1/          10.7                 0.8
   Emergency Assistance, SFF subsidy and HIPC payments            3.8            --           --             3.8                 9.9
   Refunds, distributions and other                                 --           --           --               --                2.8
 Net interest on SDRs                                            11.2            --         1.3             12.5                82.7
Transfers from participants and prescribed holders
to the General Resources Account
 Repurchases                                                        --          5.2           --             5.2                71.4
 Charges                                                            --        399.4           --           399.4               163.5
 Interest on SDRs                                                   --          4.8           --             4.8                29.0
 Reimbursement of expenses by MDRI-I Trust                          --          2.1           --             2.1                 2.3
Transfers from the General Resources
Account to participants and prescribed holders
 Purchases                                                       23.1            --           --            23.1                   37.7
 In exchange for currencies of other members
   Acquisitions to pay charges                                 125.8            --           --           125.8              137.2
 Remuneration                                                   51.1            --           --            51.1              104.5
 Refunds, distributions and other                               25.1            --           --            25.1                4.7
                                                          _________      ________     ________       _________          _________
Total receipts                                              184,701.7
                                                          _________          411.6
                                                                         ________         488.6
                                                                                      ________         185,601.9
                                                                                                     _________              1,844.6
                                                                                                                        _________
                                                                 34


                                                                                                     Schedule 1 (concluded)
                                                     SDR Department
                                       Statements of changes in SDR holdings
                                for the six months ended October 31, 2009, and 2008

                                                     (In millions of SDRs)

                                                                           General
                                                                          Resources    Prescribed                     Total
                                                         Participants      Account       holders             2009              2008
Uses of SDRs
Transfers among participants and
prescribed holders
 Transactions by agreement                                    1,715.3             --         87.7          1,803.0                 879.4
 Operations
   Settlement of financial obligations                            0.3             --            --             0.3                     3.4
 IMF-related operations
   PRGF-ESF Trust loans                                            --             --        181.7            181.7                  41.2
   SAF/Trust Fund repayments and interest                          --             --            --               --                  0.0 1/
   PRGF-ESF Trust contributions and interest payments          201.7              --         46.2            247.8                 108.7
   PRGF-ESF Trust repayments and interest                      155.0              --            --           155.0                 165.5
   PRGF-HIPC contributions and interest payments                 0.0 1/           --         10.7             10.7                   0.8
   Emergency Assistance, SFF subsidy and HIPC payments             --             --          3.8              3.8                   9.9
   Refunds, distributions and other                                --             --            --               --                  2.8

Transfers from participants and prescribed holders
to the General Resources Account
 Repurchases                                                     5.2              --            --             5.2                  71.4
 Charges                                                       399.4              --            --           399.4                 163.5
 Reimbursement of expenses by MDRI-I Trust                         --             --          2.1              2.1                   2.3

Transfers from the General Resources
Account to participants and prescribed holders
 Purchases                                                         --           23.1            --            23.1                    37.7
 In exchange for currencies of other members
   Acquisitions to pay charges                                     --          125.8            --           125.8                 137.2
 Remuneration                                                      --           51.1            --            51.1                 104.5
 Refunds, distributions and other                                  --           25.1            --            25.1                   4.7
Charges paid in the SDR department
 Net charges due                                               17.3              --           --             17.3              111.7
                                                         _________        ________     ________        _________          _________
Total uses                                                   2,494.2          225.2        332.3           3,051.7            1,844.6
 Charges not paid when due                                         --             --           --                --               0.4
 Settlement of unpaid charges and assessments                  (14.1)             --           --            (14.1)                 --
                                                         _________        ________     ________        _________          _________

Total holdings, end of period                              200,951.7         2,319.6        712.3        203,983.6              21,447.1
                                                         =========        =========    =========       =========              =========
Ending balances include rounding differences.
1/ Less than SDR 50,000
                                                      35


                                                                                            Schedule 2
                                            SDR Department

                                   Allocations and holdings of participants
                                             at October 31, 2009

                                             (In millions of SDRs)

                                                                                 Holdings
                                                      Net                     Percent of    (+) Above
                                                  cumulative                 cumulative      (-) Below
    Participant                                   allocations   Total        allocations    allocations
Afghanistan, Islamic Republic of                      155.3        128.7           82.8         (26.7)
Albania                                                46.5         51.2          110.1           4.7
Algeria                                             1,198.2      1,075.7           89.8        (122.5)
Angola                                                273.0        273.2          100.1           0.2
Antigua and Barbuda                                    12.5         12.5          100.1           0.0 1/
Argentina                                           2,020.0      2,022.3          100.1           2.3
Armenia, Republic of                                   88.0         83.7           95.1          (4.3)
Australia                                           3,083.2      2,881.6           93.5        (201.6)
Austria                                             1,736.3      1,750.3          100.8          14.0
Azerbaijan                                            153.6        154.4          100.5           0.8
Bahamas, The                                          124.4          114.2         91.8         (10.2)
Bahrain, Kingdom of                                   124.4          127.6        102.6           3.2
Bangladesh                                            510.4          464.2         91.0         (46.2)
Barbados                                               64.4           56.3         87.5          (8.0)
Belarus, Republic of                                  368.6          367.5         99.7          (1.2)
Belgium                                             4,323.3      4,205.4           97.3        (118.0)
Belize                                                 17.9         20.2          112.8           2.3
Benin                                                  59.2         49.8           84.1          (9.4)
Bhutan                                                  6.0          6.4          107.1           0.4
Bolivia                                               164.1        164.9          100.5           0.8
Bosnia and Herzegovina                                160.9          3.3            2.1        (157.5)
Botswana                                               57.4         92.8          161.6          35.4
Brazil                                              2,887.1      2,887.2          100.0           0.2
Brunei Darussalam                                     203.5        216.3          106.3          12.8
Bulgaria                                              610.9        615.1          100.7           4.3
Burkina Faso                                           57.6         48.2           83.7          (9.4)
Burundi                                                73.8         66.8           90.4          (7.1)
Cambodia                                               83.9         68.5           81.6         (15.4)
Cameroon                                              177.3        155.7           87.8         (21.5)
Canada                                              5,988.1      5,875.2           98.1        (112.9)
Cape Verde                                              9.2          8.5           92.5          (0.7)
Central African Republic                               53.4         44.1           82.7          (9.2)
Chad                                                   53.6         44.3           82.6          (9.3)
Chile                                                 816.9        731.7           89.6         (85.2)
China                                               6,989.7      7,858.1          112.4         868.4
Colombia                                              738.3          755.2        102.3          16.9
Comoros                                                 8.5            6.7         78.6          (1.8)
Congo, Democratic Republic of                         510.9          419.5         82.1         (91.4)
Congo, Republic of                                     79.7           70.1         88.0          (9.6)
Costa Rica                                            156.5          132.9         84.9         (23.7)
                                              3636


                                                                         Schedule 2 (continued)
                                     SDR Department

                            Allocations and holdings of participants
                                      at October 31, 2009

                                      (In millions of SDRs)
                                                                          Holdings
                                               Net                     Percent of    (+) Above
                                           cumulative                 cumulative      (-) Below
    Participant                            allocations   Total        allocations    allocations
Côte d'Ivoire                                  310.9        273.2           87.9         (37.7)
Croatia, Republic of                           347.3        303.2           87.3         (44.2)
Cyprus                                         132.8        115.1           86.7         (17.7)
Czech Republic                                 780.2        794.4          101.8          14.1
Denmark                                      1,531.5      1,520.3           99.3         (11.1)
Djibouti                                        15.2           13.9         91.7          (1.3)
Dominica                                         7.8            7.3         92.8          (0.6)
Dominican Republic                             208.8          178.1         85.3         (30.7)
Ecuador                                        288.4           17.0          5.9        (271.4)
Egypt                                          898.5          831.5         92.5         (66.9)
El Salvador                                    163.8          163.8        100.0           0.0 1/
Equatorial Guinea                               31.3           25.9         82.9          (5.4)
Eritrea                                         15.2            3.7         24.1         (11.5)
Estonia, Republic of                            62.0           62.0        100.1           0.1
Ethiopia                                       127.9           17.7         13.8        (110.2)
Fiji                                            67.1         67.1           99.9          (0.0) 1/
Finland                                      1,189.5      1,201.6          101.0          12.0
France                                      10,134.2      9,684.2           95.6        (450.0)
Gabon                                          146.7        132.8           90.5         (13.9)
Gambia, The                                     29.8         24.7           82.8          (5.1)
Georgia                                        144.0        142.3           98.8          (1.7)
Germany                                     12,059.2     12,182.5          101.0         123.3
Ghana                                          353.9        291.0           82.2         (62.9)
Greece                                         782.4        694.2           88.7         (88.2)
Grenada                                         11.2         10.7           95.6          (0.5)
Guatemala                                      200.9          174.4         86.8         (26.5)
Guinea                                         102.5           85.2         83.1         (17.3)
Guinea-Bissau                                   13.6           12.4         91.2          (1.2)
Guyana                                          87.1            2.6          3.0         (84.5)
Haiti                                           78.5           69.2         88.1          (9.3)
Honduras                                       123.8        104.8           84.7         (19.0)
Hungary                                        991.1        995.7          100.5           4.7
Iceland                                        112.2         96.8           86.3         (15.4)
India                                        3,978.3      3,297.2           82.9        (681.0)
Indonesia                                    1,980.4      1,762.7           89.0        (217.8)
Iran, Islamic Republic of                    1,426.1      1,535.5          107.7         109.4
Iraq                                         1,134.5      1,159.7          102.2          25.3
Ireland                                        775.4        752.1           97.0         (23.3)
Israel                                         883.4        785.5           88.9         (97.9)
Italy                                        6,576.1      6,008.8           91.4        (567.4)
                                                      37


                                                                                Schedule 2 (continued)
                                            SDR Department

                                   Allocations and holdings of participants
                                             at October 31, 2009

                                             (In millions of SDRs)

                                                                                 Holdings
                                                      Net                     Percent of    (+) Above
                                                  cumulative                 cumulative      (-) Below
    Participant                                   allocations   Total        allocations    allocations
Jamaica                                               261.6        221.0           84.5         (40.6)
Japan                                              12,285.0     13,317.6          108.4       1,032.6
Jordan                                                162.1        146.8           90.5         (15.3)
Kazakhstan, Republic of                               343.7        344.6          100.3           0.9
Kenya                                                 259.6        226.9           87.4         (32.7)
Kiribati                                                5.3          5.3          100.2           0.0 1/
Korea                                               2,404.4      2,388.8           99.3         (15.7)
Kosovo                                                 55.4         55.4          100.0             --
Kuwait                                              1,315.6      1,442.2          109.6         126.6
Kyrgyz Republic                                        84.7        106.9          126.2          22.2
Lao People's Democratic Republic                       50.7           51.1        100.8           0.4
Latvia, Republic of                                   120.8          121.4        100.5           0.6
Lebanon                                               193.3          210.0        108.7          16.7
Lesotho                                                32.9           31.6         96.3          (1.2)
Liberia                                               124.0          124.2        100.2           0.2
Libya                                               1,072.7      1,602.9          149.4         530.3
Lithuania, Republic of                                137.2        137.3          100.1           0.1
Luxembourg                                            246.6        243.2           98.6          (3.4)
M acedonia, former Yugoslav Republic of                65.6         58.1           88.5          (7.5)
M adagascar                                           117.1         97.9           83.6         (19.2)
M alawi                                                66.4         55.4           83.5         (10.9)
M alaysia                                           1,346.1      1,354.8          100.6           8.7
M aldives                                               7.7          7.8          101.5           0.1
M ali                                                  89.4         73.5           82.2         (15.9)
M alta                                                 95.4         96.0          100.6           0.6
M arshall Islands                                       3.3          3.3          100.0             --
M auritania                                            61.7          0.2            0.3         (61.5)
M auritius                                             96.8         99.9          103.2           3.1
M exico                                             2,851.2      2,854.8          100.1           3.6
M icronesia, Federated States of                        4.8          6.2          129.0           1.4
M oldova, Republic of                                 117.7            3.5          3.0        (114.2)
M ongolia                                              48.8           49.1        100.7           0.3
M ontenegro, Republic of                               25.8           26.1        101.2           0.3
M orocco                                              561.4          488.1         86.9         (73.3)
M ozambique                                           108.8          108.9        100.0           0.0 1/
M yanmar                                              245.8        192.3           78.2         (53.5)
Namibia                                               130.4        130.4          100.0           0.0 1/
Nepal                                                  68.1         64.6           94.8          (3.5)
Netherlands                                         4,836.6      4,885.7          101.0          49.0
New Zealand                                           853.8        726.7           85.1        (127.1)
                                                    38


                                                                              Schedule 2 (continued)
                                          SDR Department

                                 Allocations and holdings of participants
                                           at October 31, 2009

                                           (In millions of SDRs)

                                                                               Holdings
                                                    Net                     Percent of    (+) Above
                                                cumulative                 cumulative      (-) Below
    Participant                                 allocations   Total        allocations    allocations
Nicaragua                                           124.5        105.1           84.4         (19.4)
Niger                                                62.9         54.4           86.4          (8.5)
Nigeria                                           1,675.4      1,518.3           90.6        (157.1)
Norway                                            1,563.1      1,604.3          102.6          41.2
Oman                                                178.8        185.5          103.7           6.7
Pakistan                                            988.6          903.1         91.4         (85.4)
Palau                                                 3.0            3.0        100.0             --
Panama                                              197.0          171.1         86.8         (25.9)
Papua New Guinea                                    125.5          116.2         92.6          (9.3)
Paraguay                                             95.2          110.3        115.9          15.1
Peru                                                609.9        524.1           85.9         (85.8)
Philippines                                         838.0        728.0           86.9        (110.0)
Poland, Republic of                               1,304.6      1,339.1          102.6          34.4
Portugal                                            806.5        833.2          103.3          26.7
Qatar                                               251.4        268.1          106.6          16.7
Romania                                             984.8        927.5           94.2         (57.3)
Russian Federation                                5,671.8      5,674.5          100.0           2.7
Rwanda                                               76.8         83.5          108.7           6.7
St. Kitts and Nevis                                   8.5          8.5          100.2           0.0 1/
St. Lucia                                            14.6         15.4          106.0           0.9
St. Vincent and the Grenadines                        7.9          7.6           95.5          (0.4)
Samoa                                                11.1         12.6          113.6           1.5
San M arino, Republic of                             15.5         16.7          107.4           1.1
São Tomé & Príncipe                                   7.1          6.5           91.4          (0.6)
Saudi Arabia                                      6,682.5      6,969.9          104.3         287.5
Senegal                                             154.8          130.6         84.4         (24.2)
Serbia, Republic of                                 445.0          388.8         87.4         (56.3)
Seychelles                                            8.3            7.9         95.4          (0.4)
Sierra Leone                                         99.5          121.0        121.6          21.5
Singapore                                           744.2          980.1        131.7         235.9
Slovak Republic                                     340.5        341.6          100.3           1.1
Slovenia, Republic of                               215.9        198.1           91.8         (17.8)
Solomon Islands                                       9.9          9.3           93.5          (0.6)
Somalia                                              46.5         18.6           40.0         (27.9)
South Africa                                      1,785.4      1,788.2          100.2           2.7
Spain                                             2,827.6      2,574.9           91.1        (252.6)
Sri Lanka                                           395.5         14.5            3.7        (381.0)
Sudan                                               178.0        125.8           70.7         (52.2)
Suriname                                             88.1         80.7           91.6          (7.4)
Swaziland                                            48.3         44.4           92.0          (3.9)
                                                          39


                                                                                    Schedule 2 (concluded)
                                                SDR Department
                                  Allocations and holdings of participants
                                            at October 31, 2009

                                                (In millions of SDRs)
                                                                                     Holdings
                                                         Net                      Percent of     (+) Above
                                                     cumulative                  cumulative       (-) Below
     Participant                                     allocations     Total       allocations     allocations
Sweden                                                  2,249.0        2,290.5        101.8           41.6
Switzerland                                             3,288.0        3,444.9        104.8          156.9
Syrian Arab Republic                                      279.2          279.2        100.0            0.0 1/
Tajikistan, Republic of                                    82.1           69.9         85.2          (12.2)
Tanzania                                                  190.5          159.2         83.6          (31.3)
Thailand                                                 970.3          971.4         100.1            1.1
Timor-Leste, The Democratic Republic of                    7.7            7.7         100.0              --
Togo                                                      70.3           59.4          84.4          (11.0)
Tonga                                                      6.6            7.1         107.4            0.5
Trinidad and Tobago                                      321.1          275.5          85.8          (45.6)
Tunisia                                                   272.8          241.8         88.7          (31.0)
Turkey                                                  1,071.3          969.1         90.5         (102.2)
Turkmenistan, Republic of                                  69.8           69.8        100.0              --
Uganda                                                    173.1          143.7         83.0          (29.4)
Ukraine                                                 1,309.4        1,313.6        100.3            4.2
United Arab Emirates                                     568.4          541.0          95.2          (27.4)
United Kingdom                                        10,134.2        8,749.5          86.3       (1,384.7)
United States                                         35,315.7       36,573.0         103.6        1,257.3
Uruguay                                                  293.3          245.7          83.8          (47.6)
Uzbekistan, Republic of                                  262.8          263.3         100.2            0.5
Vanuatu                                                    16.3           17.6        108.1            1.3
Venezuela                                               2,543.3        2,239.9         88.1         (303.4)
Vietnam                                                   314.8          267.7         85.0          (47.1)
Yemen, Republic of                                        232.3          200.1         86.2          (32.1)
Zambia                                                    469.1          407.2         86.8          (61.9)
Zimbabwe                                                 272.2          262.0          96.3         (10.2)
                                                    __________     __________        ______     _________
Above allocations                                    122,619.3      127,838.5         104.3        5,219.2
Below allocations                                     81,364.3       73,113.2         89.9        (8,251.1)
                                                    __________     __________        =====      ========

Total participants                                   203,983.6      200,951.7
Participants' holdings held in escrow account             86.7           86.7
General Resources Account                                    --       2,319.6
Prescribed holders                                           --
                                                    __________          712.3
                                                                   __________

                                                      204,070.3      204,070.3
                                                    =========      =========
1/Less than SDR 50,000
   III. PRGF-ESF, PRGF-HIPC,
MDRI-II Trusts and Related Account
                                                                41

        PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                                        Statements of financial position
                                    at October 31, 2009, and April 30, 2009

                                                  (In millions of SDRs)




                                                     PRGF-ESF                  PRGF-HIPC Trust                MDRI-II
                                                       Trust                  and Related Account              Trust
                                               October 31,    April 30,       October 31,   April 30,   October 31,   April 30,
                                                  2009         2009              2009        2009          2009        2009
                                               (unaudited)                    (unaudited)               (unaudited)

Assets
Cash and cash equivalents                            371           330             324           832           43           43
Interest and other receivables                        24            22               --            --           --           --
Investments (Note 3)                               4,817         4,869             931           435            --           --
Loans receivable (Note 4)                          4,803         4,125               --            --           --           --
 Total assets                                     10,015         9,346           1,255        1,267            43           43


Liabilities and resources
Interest payable and other liabilities                28            38               --             1           --           --
Accrued MDRI grant assistance (Note 5)                 --            --              --            --          10           10
Borrowings (Note 6)                                4,942         4,324             579           581            --           --
 Total liabilities                                 4,970         4,362             579           582           10           10
Resources                                          5,045         4,984             676           685           33           33
 Total liabilities and resources                  10,015         9,346           1,255        1,267            43           43


 The accompanying notes are an integral part of these financial statements.




                        /s/ Andrew Tweedie                                             /s/ Dominique Strauss-Kahn
                       Director, Finance Department                                          Managing Director
                                                          42

       PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                Statements of comprehensive income and changes in resources
                    for the three months ended October 31, 2009, and 2008
                                          (unaudited)

                                             (In millions of SDRs)



                                                                         PRGF-HIPC
                                                PRGF-ESF               Trust and Related     MDRI-II
                                                   Trust                    Account             Trust
                                               2009     2008            2009      2008     2009      2008

Resources, beginning of the quarter            5,018        4,777            674    668       33       32
  Investment income                                31          117             4     16       --        --
  Interest income on loans                          7            5            --      --      --        --
  Interest expense                                (11)         (35)           --      --      --        --
  Operational income                               27           87             4     16       --        --
  Contributions                                     --          --             2     --       --        --
  Debt Relief
   MDRI grant assistance                            --          --            --     --       --         1
   HIPC assistance                                  --          --            (4)    (4)      --        --
  Other comprehensive income                        --          --            --     --       --        --
  Net comprehensive income /
   changes in resources                            27           87             2     12       --        1
Resources, end of period                       5,045        4,864            676    680       33       33


The accompanying notes are an integral part of these financial statements.
                                                          43

       PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                Statements of comprehensive income and changes in resources
                     for the six months ended October 31, 2009, and 2008
                                          (unaudited)

                                             (In millions of SDRs)



                                                                         PRGF-HIPC
                                                PRGF-ESF               Trust and Related     MDRI-II
                                                   Trust                    Account             Trust
                                               2009     2008            2009      2008     2009      2008

Resources, beginning of year                   4,984        4,764            685    656       33       23
  Investment income (Note 7)                       57          142             7     25       --        --
  Interest income on loans                         12           10            --      --      --        --
  Interest expense                                (24)         (70)           --     (1)      --        --
  Other expenses                                    --          (1)           --      --      --        --
  Operational income                               45           81             7     24       --        --
  Contributions                                    16           19             5      9       --        --
  Debt Relief
   MDRI grant assistance (Note 5)                   --          --             --    --       --       10
   HIPC assistance                                  --          --           (21)    (9)      --        --
  Other comprehensive income                        --          --            --     --       --        --
  Net comprehensive income (loss) /
   changes in resources                            61          100            (9)    24       --       10
Resources, end of period                       5,045        4,864            676    680       33       33


The accompanying notes are an integral part of these financial statements.
                                                                       44

         PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                                           Statements of cash flows
                             for the six months ended October 31, 2009, and 2008
                                                  (unaudited)

                                                         (In millions of SDRs)

                                                                                                PRGF-HIPC
                                                                           PRGF-ESF           Trust and Related     MDRI-II
                                                                              Trust                Account             Trust
                                                                          2009     2008        2009      2008     2009      2008


Cash flows from operating activities
 Net comprehensive income (loss)                                               61     100          (9)      24        --      10
 Adjustments to reconcile net comprehensive income (loss) to
 cash generated by operations
  Interest income on investments                                               (74)    (84)        (7)     (22)       --       (1)
  Interest income on loans                                                     (12)    (10)        --        --       --       --
  Interest expense                                                              24      70         --        1        --       --
                                                                                (1)     76        (16)       3       --         9
   Change in accrued MDRI grant assistance                                       --      --         --      --       --        (9)
   Changes in other liabilities                                                  --      1          --      --       --        --
   Loan disbursements                                                         (916)   (225)         --      --       --        --
   Loan repayments                                                             238     210          --      --       --        --
 Cash (used in)/provided by operations                                        (679)    62         (16)       3       --        --
 Interest received                                                              84    102           7       20       --        --
 Interest paid                                                                 (34)   (71)         (1)      (1)      --        --
   Net cash (used in)/provided by operating activities                        (629)    93         (10)      22        --       --

Cash flows from investment activities
 Net disposition/(acquisition) of investments                                  52      (84)     (490)     (182)                --
   Net cash provided by/(used in) investment activities                        52      (84)     (490)     (182)       --       --


Cash flows from financing activities
 Borrowings                                                                    920     229         --        6       --        --
 Repayment of borrowings                                                      (302)   (306)      (15)      (15)      --        --
   Net cash provided by/(used in) financing activities                        618      (77)      (15)       (9)       --       --


Net increase/(decrease) in cash and cash equivalents                           41     (68)      (515)     (169)       --       --
Effect of exchange rate changes on cash and cash equivalents                    --      --         7       (32)       --       --
Cash and cash equivalents, beginning of year                                  330     337        832       332       43        3
Cash and cash equivalents, end of period                                      371     269        324      131        43        3

Supplemental disclosure
 Change in ending balances resulting from exchange rate fluctuations:
  Investments                                                         --                --         6       30        --        --
  Borrowings                                                          --                --        13       30        --        --

 The accompanying notes are an integral part of these financial statements.
                                             45

      PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                             Notes to the financial statements

1. Nature of Operations

New Architecture of Facilities

As part of IMF’s response to the global economic crisis, the IMF's Executive Board approved
measures that will sharply increase resources available to low-income member countries. On
July 23, 2009, the Executive Board approved a decision on a new architecture of facilities for
low-income countries and reform of IMF's concessional financing framework. The Executive
Board's decision will become effective when all lenders and contributors of subsidies to the
PRGF-ESF Trust have consented to the amendment of the Trust Instrument. As at October
31, 2009, 79 percent of consents had been received.

Under the new measures, the PRGF-ESF Trust, to be renamed the Poverty Reduction and
Growth Trust (PRGT), will provide financial assistance tailored to the diverse needs of
low-income countries with higher concessionality of financial support. Financing will be
available under a new set of instruments, including: the Extended Credit Facility (ECF) for
medium-term balance of payments needs under three year arrangements; the Standby Credit
Facility (SCF) for short-term balance of payments needs under one to two year arrangements;
and for urgent balance of payments needs, the Rapid Credit Facility (RCF) provides financial
support in outright disbursements with limited conditionality. The repayment terms are five
and one-half to ten years for the ECF and RCF and four to eight years for the SCF. Four
Loan Accounts and five Subsidy Accounts will be established to finance, and subsidize, the
lending operations of the PRGT.

Existing PRGF arrangements and outstanding PRGF loans will be converted to ECF
arrangements and loans, respectively. The ESF will cease to exist after a short (three-month)
transition period after the effective date of the decision and the terms of outstanding ESF
loans will continue to apply. Through December 2011, interest on ECF and RCF loans will
be waived and the SCF and ESF loans will be subject to interest at the rate of one quarter of
one percent per annum. Thereafter, interest rates on all PRGT loans are reset every two years
in light of developments in the SDR interest rate.

2. Basis of presentation and measurement

The unaudited financial statements have been prepared in accordance with International
Accounting Standard 34 (Interim Financial Reporting). These financial statements do not
include all information and notes required by International Financial Reporting Standards for
complete financial statements and should be read in conjunction with the April 30, 2009
financial statements and the notes included therein.
                                                46

      PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                                 Notes to the financial statements


Unit of account

As at October 31, 2009, one SDR was equal to US$1.58989 (one SDR was equal to
US$1.49783 as at April 30, 2009).

3. Investments

Investments consisted of fixed-term deposits and the net asset value of the Trusts’ share of
investment accounts. The fair value of investments is based on the quoted market prices or
dealer quotes on the last business day of the reporting period, as follows:

                                    PRGF-ESF Trust        PRGF-HIPC Trust
                                   October April 30,      October April 30,
                                   31, 2009    2009      31, 2009  2009
                                            (In millions of SDRs)

       Fixed-term deposits               14       135         498         --
       Fixed-income securities        4,803     4,734         433       435
        Total                         4,817     4,869         931       435

The maturities of the investments are as follows:

         Financial year ending April 30       PRGF-ESF Trust       PRGF-HIPC Trust
                                                     (In millions of SDRs)
                 2010                                   29                     593
                 2011                                1,330                      68
                 2012                                2,351                     132
                 2013                                1,088                     121
                 2014                                   10                       1
                 2015 and beyond                         9                      16
                 Total                               4,817                     931

4. Loans receivable

Resources of the Loan Account of the PRGF-ESF Trust are committed to qualifying
members for a three-year period, upon approval by the Trustee of three-year PRGF
arrangements or ESF arrangements with durations of one to two years in support of the
members’ macroeconomic and structural adjustment programs. Interest on the outstanding
loans is set at the rate of ½ of 1 percent per annum.
                                               47

      PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                              Notes to the financial statements



At October 31 and April 30, 2009, the resources of the Loan Account included cumulative
advances from the Reserve Account of SDR 74 million resulting from the nonpayment of
principal by Zimbabwe.

Scheduled repayments of loans by borrowers, including Zimbabwe’s overdue obligations, are
summarized below:

          Financial year ending April 30
                                                         (In millions of SDRs)

               2010                                                     239
               2011                                                     521
               2012                                                     553
               2013                                                     496
               2014                                                     469
               2015 and beyond                                        2,451
               Overdue                                                   74
               Total                                                  4,803



As at October 31, 2009, scheduled repayments of loans include loans totaling
SDR 412 million due from members that are potentially eligible for debt relief under the
Multilateral Debt Relief Initiative (MDRI).

The use of credit in the Trust by the largest users was as follows:
                                           October 31, 2009            April 30, 2009
                                           (In millions of SDRs and percent of total
                                                      PRGF-ESF credit)

      Largest user of credit                     655    13.6%                   724   17.5%
      Three largest users of credit            1,459    30.4%                 1,588   38.5%
      Five largest users of credit             1,970    41.0%                 1,997   48.4%

The five largest users of credit as at October 31, 2009, in descending order, were Pakistan,
Democratic Republic of the Congo, Bangladesh, Kenya, and Liberia.
                                              48

      PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                               Notes to the financial statements


The concentration of outstanding credit by region was as follows:

                                           October 31, 2009             April 30, 2009
                                                 (In millions of SDRs and percent
                                             of total PRGF-ESF credit outstanding)

    Africa                                   2,792     58.1%             2,041         49.5%
    Asia and Pacific                         1,109     23.1%             1,210         29.3%
    Europe                                     375      7.8%               403           9.8%
    Latin America and Caribbean                267      5.6%               235           5.7%
    Middle East and Central Asia               260      5.4%               236           5.7%
       Total                                 4,803      100%             4,125          100%



5. HIPC and MDRI grant assistance

For the six months ended October 31, 2009, two HIPC members reached the completion
point and combined HIPC and MDRI grant assistance of SDR 17 million was disbursed to
settle PRGF-ESF Trust obligations early (no members reached the completion point for the
six months ended October 31, 2008). Since the IMF adopted the MDRI, 25 HIPC members
and 2 non-HIPC members received MDRI-eligible debt relief totaling SDR 2,732 million.
The eligible debt included GRA and PRGF-ESF Trust obligations of SDR 101 million and
SDR 2,631 million, respectively.

MDRI grant assistance to the remaining eligible members is subject to the availability of
resources and is accrued when it is probable that a liability has been incurred and the amount
of such grant assistance can be reasonably estimated. The amount of liability recorded for the
MDRI-II Trust (SDR 10 million as at October 31 and April 30, 2009) is based on the debt
owed to the IMF that is eligible for MDRI debt relief, which decreases over time.

The reconciliation of accrued MDRI grant assistance for the six months ended October 31 is
as follows:

                                                               2009          2008
                                                               (In millions of SDRs)
               Beginning of year                                 10              19
                Reversals                                         --             (9)
               End of period                                     10              10
                                             49

      PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                             Notes to the financial statements


6. Borrowings

The PRGF-ESF and PRGF-HIPC Trusts borrow on such terms and conditions as agreed
between the Trusts and the lenders. The weighted average interest rate on PRGF-ESF Trust
borrowings was 1 percent and 3.31 percent for the six months ended October 31, 2009 and
2008, respectively. During the same periods, interest rates on PRGF-HIPC Trust borrowings
varied between 0 percent and 2 percent per annum.

The PRGF-ESF Trust made early repayments of SDR 17 million to lenders during the six
months ended October 31, 2009 following the repayment of PRGF-ESF Trust loans by
members that received HIPC Initiative and MDRI grant assistance. There were no early
repayments for the six month period ended October 31, 2008.

Scheduled repayments of borrowings are summarized below:

                                                     PRGF-ESF         PRGF-HIPC
           Financial year ending April 30              Trust              Trust
                                                        (In millions of SDRs)

                2010                                     301               285
                2011                                     618                71
                2012                                     598                26
                2013                                     505                 6
                2014                                     455                12
                2015 and beyond                        2,465               179
                Total                                  4,942               579

The following summarizes the borrowing agreements in effect:

                                                       Amount undrawn
                                            October 31, 2009          April 30, 2009
                                                     (In millions of SDRs)

       Loan Account                                 1,766                    2,013
       Subsidy Accounts                               107                        110
                                                    50

        PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                                  Notes to the financial statements


7. Investment income

The portfolio was managed to track a 1–3 year government bond index weighted to reflect
the composition of the SDR basket. Investment income comprised the following and reflects
the effects of trading and changes in interest rates during the six months ended October 31:

                                                     PRGF-HIPC Trust and
                                 PRGF-ESF Trust          Related Account            MDRI-II Trust
                                 2009     2008          2009        2008           2009      2008
                                        (In millions of SDRs)

Interest income                      74        84          7         22                --       --
Realized gains, net                  53        35          1          4                --       --
Unrealized (losses)/gains, net      (70)       23         (1)        (1)               --       --
 Total                               57       142          7         25                --       --




8. Commitments under loan arrangements

An arrangement under the PRGF or ESF is a decision that gives a member the assurance that
the IMF as Trustee stands ready to provide foreign exchange or SDRs during a specified
period and up to a specified amount in accordance with the terms of the decision. At
October 31, 2009, undrawn balances under 29 loan arrangements amounted to
SDR 1,267 million (SDR 806 million under 28 arrangements at April 30, 2009). Undrawn
balances by member are provided in Schedule 2.

9. Related party transactions

The expenses of conducting the business of the Trusts and related account were paid by the
General Resources Account of the IMF.

The IMF’s cumulative contributions, via the Special Disbursement Account, to the
PRGF-ESF and PRGF-HIPC Trusts were as follows at October 31:

                                                                2009                2008
                                                                  (In millions of SDRs)
    PRGF-ESF Trust Reserve Account                                2,893              2,893
    PRGF-ESF Trust Subsidy Accounts                                 870                870
    PRGF-HIPC Trust                                               1,239              1,239
               Total                                              5,002              5,002
                                           51

      PRGF-ESF, PRGF-HIPC, MDRI-II Trusts and Related Account
                            Notes to the financial statements


10. Combining statements of financial position and statements of comprehensive income
and changes in resources

The combining statements of financial position and statements of comprehensive income and
changes in resources of the PRGF-ESF Trust and the PRGF-HIPC Trust (including the
Umbrella Account) are presented below:
                                                                                                                                                                             Note 10 (continued)
                                          PRGF-ESF Trust and PRGF-HIPC Trust and Related Account
                                                                     Combining statements of financial position
                                                                      at October 31, 2009, and April 30, 2009
                                                                                             (In millions of SDRs)

                                                                 PRGF-ESF Trust                                                       PRGF-HIPC Trust and Related Account
                                                      October 31, 2009                           April 30,                              October 31, 2009                                            April 30,
                                                        (unaudited)                               2009                                    (unaudited)                                                2009
                                                                                                                                                                    Umbrella
                                                                                                                       PRGF-HIPC Trust Account                        Account
                                          Loan       Reserve         Subsidy                                                Subaccounts                              for HIPC        Combined       Combined
                                         Account     Account         Accounts        Total         Total      PRGF- HIPC PRGF        HIPC             Total         Operations         total          total
Assets
Cash and cash equivalents                     197          92              82           371            330            73        13         224           310               14            324             832




                                                                                                                                                                                                                    52
Interest and other receivables                 24           --   1
                                                                            -- 1         24             22             --   1
                                                                                                                                 --          --   1
                                                                                                                                                           --   1
                                                                                                                                                                            --   1
                                                                                                                                                                                           --   1
                                                                                                                                                                                                           --   1


Investments                                     --      3,763           1,054         4,817          4,869           685        31         215           931                --           931             435
Loans receivable                            4,803           --              --        4,803          4,125             --        --          --            --               --             --              --
Accrued account transfers                     (45)         60             (15)            --             --            --        --          --            --               --             --              --

  Total assets                              4,979       3,915           1,121        10,015          9,346           758        44         439         1,241               14           1,255           1,267

Liabilities and resources
Interest payable and other liabilities         28           --              --   1
                                                                                         28             38             --   1
                                                                                                                                 --          --            --               --             --              1
Borrowings                                  4,877           --             65         4,942          4,324           579         --          --          579                --           579             581
  Total liabilities                         4,905           --             65         4,970          4,362           579         --          --          579                --           579             582

Resources                                     74        3,915           1,056         5,045          4,984           179        44         439           662               14            676             685

  Total liabilities and resources           4,979       3,915           1,121        10,015          9,346           758        44         439         1,241               14           1,255           1,267


  1
      Less than SDR 500,000
                                                                                                                                                                        Note 10 (concluded)
                                          PRGF-ESF Trust and PRGF-HIPC Trust and Related Account
                                          Combining statements of comprehensive income and changes in resources
                                                   for the six months ended October 31, 2009, and 2008
                                                                                      (In millions of SDRs)

                                                                    PRGF-ESF Trust                                                       PRGF-HIPC Trust and Related Account

                                                                 2009                             2008                                        2009                                         2008
                                                                                                                                                                    Umbrella
                                                                                                                       PRGF-HIPC Trust Account                       Account
                                            Loan          Reserve        Subsidy                                            Subaccounts                             for HIPC Combined     Combined
                                           Account        Account        Accounts    Total        Total        PRGF-HIPC PRGF        HIPC            Total         Operations  total        total

Resources, beginning of the year                74           3,870          1,040     4,984        4,764            168        44           452         664             21         685        656

  Investment income                              -- 1          45             12         57          142              6         --   1
                                                                                                                                              1              7           --    1
                                                                                                                                                                                    7          25
  Interest income on loans                      12              --             --        12           10              --        --            --             --          --         --          --




                                                                                                                                                                                                        53
  Interest expense                             (24)             --             --       (24)         (70)             --        --            --             --          --         --         (1)
  Other expenses                                 --             --             --         --          (1)             --        --            --             --          --         --          --

      Operational (loss) income                (12)            45             12         45           81              6         --            1              7           --         7          24


  Contributions                                  --             --            16         16           19              5         --            --             5           --         5             9

  HIPC grants                                    --             --             --            --           --          --        --          (14)         (14)            14          --            --
  HIPC disbursements                             --             --             --            --           --          --        --            --           --           (21)       (21)           (9)
  Transfers between:
     Loan and Reserve Accounts                   --   1
                                                                --   1
                                                                                --           --           --          --        --            --             --          --         --            --
     Loan and Subsidy Accounts                  12              --            (12)           --           --          --        --            --             --          --         --            --

      Net comprehensive income (loss) /
      changes in resources                       --            45             16         61          100             11         --          (13)             (2)         (7)        (9)        24

Resources, end of the period                    74           3,915          1,056      5,045        4,864           179        44           439         662             14         676        680


 1
     Less than SDR 500,000
                                                 54
                                                                                      Schedule 1

                           PRGF-HIPC and MDRI Trusts
                 Disbursed Multilateral Debt Relief Initiative assistance
                                  at October 31, 2009

                                    (In millions of SDRs)



                                    Eligible debt               Sources of grant assistance

                                                              MDRI-I     MDRI-II      PRGF-
Member                     PRGF-ESF      GRA          Total   Trust       Trust     HIPC Trust

Benin                         36            --           36      --         34            2
Bolivia                       71           90           161      --        155            6
Burkina Faso                  62            --           62     57           --           5
Burundi                       27            --           27       9          --          18
Cambodia                      57            --           57     57           --         -
Cameroon                     173            --          173      --        149          24
Central African Republic       4            --            4      2           --          2
Ethiopia                     112            --          112     80           --         32
Gambia                         9            --            9      7           --          2
Ghana                        265            --          265    220           --         45

Guyana                        45            --           45      --         32          13
Honduras                     107            --          107      --         98           9
Madagascar                   137            --          137    128           --          9
Malawi                        27           11            38     15           --         23
Mali                          75            --           75     62           --         13
Mauritania                    33            --           33      --         30           3
Mozambique                   107            --          107     83           --         24
Nicaragua                    141            --          141      --         92          49
Niger                         78            --           78     60           --         18
Rwanda                        53            --           53     20           --         33
São Tomé & Príncipe            1            --            1       1          --         -
Senegal                      100            --          100      --         95            5
Sierra Leone                 117            --          117     77           --          40
Tajikistan                    69            --           69     69           --         -
Tanzania                     234            --          234    207           --          27

Uganda                        88            --           88     76           --         12
Zambia                       403            --          403      --        398           5

Total                       2,631         101         2,732   1,230      1,083         419
                                                55
                                                                                     Schedule 2
                                      PRGF-ESF Trust
                                   Status of loan arrangements
                                       at October 31, 2009

                                      (In millions of SDRs)

                                         Date of         Expiration     Amount   Undrawn
Member                                 Arrangement         Date         Agreed   Balance
PRGF arrangements
Afghanistan, Islamic Republic of       Jun. 26, 2006    Mar. 31, 2010       81        11
Burkina Faso                           Apr. 23, 2007    Apr. 22, 2010       15         2
Burundi                                Jul. 7, 2008     Jul. 6, 2011        46        26
Central African Republic               Dec. 22, 2006    Jun. 30, 2010       70        20
Comoros                                Sep. 21, 2009    Sep. 20, 2012       14         9
Congo, Republic of                     Dec. 8, 2008     Dec. 7, 2011         8         6
Côte d'Ivoire                          Mar. 27, 2009    Mar. 26, 2012      374       215
Djibouti                               Sep. 17, 2008    Sep. 16, 2011       13         7
Gambia, The                            Feb. 21, 2007    Feb. 20, 2010       20         2
Ghana                                  Jul. 15, 2009    Jul. 14, 2012      387       320
Grenada                                Apr. 17, 2006    Apr. 16, 2010       16         6
Guinea                                 Dec. 21, 2007    Dec. 20, 2010       70        45
Haiti                                  Nov. 20, 2006    Jan. 31, 2010      115         8
Liberia                                Mar. 14, 2008    Mar. 13, 2011      239        18
Mali                                   May 28, 2008     May 27, 2011        28         8
Mauritania                             Dec. 18, 2006    Dec. 17, 2009       16         6
Nicaragua                              Oct. 5, 2007     Oct. 4, 2010        78        48
Niger                                  Jun. 2, 2008     Jun. 1, 2011        23        13
São Tomé & Príncipe                    Mar. 2, 2009     Mar. 1, 2012         3         2
Sierra Leone                           May 10, 2006     May 9, 2010         52        19
Tajikistan, Republic of                Apr. 21, 2009    Apr. 20, 2012       78        52
Togo                                   Apr. 21, 2008    Apr. 20, 2011       84        35
Zambia                                 Jun. 4, 2008     Jun. 3, 2011       220       106
 Total PRGF arrangements                                                 2,050       984

ESF arrangements
Ethiopia                               Aug. 26, 2009    Oct. 25, 2010      154        80
Kyrgyz Republic                        Dec. 10, 2008    Jun. 9, 2010        67        33
Malawi                                 Dec. 3, 2008     Dec. 2, 2009        52        17
Mozambique                             Jun. 30, 2009    Jun. 29, 2010      114        28
Senegal                                Dec. 19, 2008    Jun. 18, 2010      121        65
Tanzania                               May 29, 2009     May 28, 2010       219        60
 Total ESF arrangements                                                    727       283

   Total PRGF-ESF Trust                                                  2,777     1,267